The lone Democrat among these major
candidates, state Rep. John Bel
Edwards, at least once a minute reminds audiences of his God-fearing life
and/or he’s against abortion and/or he’s big on guns and/or he served in the
military. When subjects last night concerned fiscal matters, he manages to
squeeze in that the state doesn’t have to adjust Taylor Opportunity Program for
Students awards, that transportation needs can be solved by not allocating
money from the Transportation Trust Fund to state police, that New Orleans can
have better police presence, that charity hospital partnerships can get a shot
of additional funding, etc., without revealing from where the money to pay for
all of this will come. In other words, he preaches that all is well on the
spending front, there’s no need to cut anything regardless of its policy value
as revenue magically will appear to resolve it all.
The magic, of course, is the opaque
idea that a reduction in tax credits will solve everything. Some of these are
counterproductive and need excising. But Edwards is perpetrating a confidence
game if he thinks these of this kind will be sufficient to balance the budget
without any spending cuts. The only way to raise enough revenue would be to get
rid of enough in credits to the point this becomes a net tax increase on the
public, as those former recipients of credits will pass along their increased
costs to the people.