The party of "fiscal responsibility": Bobby Jindal's Louisiana disaster

BATON ROUGE, La. (AP) — Year after year, Louisiana didn't have enough money to cover its expenses, yet Gov. Bobby Jindal refused to roll back income tax cuts or ever-increasing corporate tax breaks. Instead, he raided reserve funds and sold off state property.

Jindal suggested job growth from his economic development wins would replenish those assets once the recession ended. It hasn't — and money from the lucrative oil industry has taken a nose dive with crude prices. Now, the Republican is running out of short-term patches and is struggling to plug a $1.6 billion budget hole just as he tries to build support for a possible 2016 presidential run.

Funding for higher education and health care services will almost certainly be subject to cuts deeper than what they already have endured in recent years, and Jindal's successor will have to repay a string of debts and IOUs. .................(more)

The complete piece is at: http://news.yahoo.com/jindal-leave-louisianas-next-governor-budget-mess-164848646.html