08/11 - Debt Ceiling Deal: Controlling the Budget 2011 | Louisiana Public Square | LPB
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Thursday, September 20, 2018
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Video Playlist:

Play Button  Full Program - Full Program
Play Button  Backgrounder - Backgrounder
Play Button  Extra - WHAT IS DEBT CEILING - Rajesh Narayanan, Ph.D., Associate Professor of Finance at LSU explains what the debt ceiling is.
Play Button  Extra - WHY IS THERE A DEBT CEILING? - Rajesh Narayanan, Ph.D., LSU Finance professor discusses why there is a debt ceiling.
Play Button  Extra - DEBT CEILING HISTORY - Rajesh Narayanan, Ph.D., LSU Finance Professor explains how the debt ceiling came to be.
Play Button  Extra - WHAT DOES U.S. SPEND MONEY ON? - Rajesh Narayanan, Ph.D., LSU Finance professor outlines where your tax money goes.
Play Button  Extra - WHEN DEFICIT SPENDING IS NEEDED - Rajesh Narayanan, Ph.D., LSU Finance professor says that deficit spending has a role to play.
Play Button  Extra - WHAT THE DOWNGRADE MEANS - Rajesh Narayanan, Ph.D., with the LSU Finance Department explains how the downgrade affects the markets.
Play Button  Extra - MISSED OPPORTUNITY - Pearson Cross, Ph.D., with the ULL Political Science Department feels the rejection of Obama’s “Grand Bargain” was a missed opportunity.
Play Button  Extra - DEBT KICKED DOWN THE ROAD - Pearson Cross, Ph.D., head of the ULL Political Science Department explains how the debt ceiling agreement didn’t solve much.
Play Button  Extra - REDISTRICTING AND PARTISANSHIP - ULL Political Science Department head, Pearson Cross, Ph.D. feels redistricting has led to partisanship.
Play Button  Extra - SUPER COMMITTEE GIMMICK - Pearson Cross, Ph.D., with the ULL Political Science Department agrees with others that call the Super Committee a gimmick.
Play Button  Extra - BALANCED BUDGET UNREALISTIC - ULL Political Science Department head, Pearson Cross, Ph.D. feels it is unrealistic to expect a balanced federal budget.
Play Button  Extra - POLITICS ARE POISON RIGHT NOW - Pearson Cross, Ph.D., with the ULL Political Science Department blames the downgrade on Congress.
Play Button  Extra - POTENTIAL CUTS - ULL Political Science Department head, Pearson Cross, Ph.D. explains what could happen if Medicaid were to be cut.
Play Button  Extra - IN A BAD PLACE - Pearson Cross, Ph.D., with the ULL Political Science Department isn’t optimistic about compromise happening anytime soon.
Play Button  Extra - DEBATE and OBAMA - ULL Political Science Department head, Pearson Cross, Ph.D. thinks the debt ceiling debate hurt Obama’s image.
Play Button  Extra - PROCESS IS BROKEN - Conservative talk show host Jeff Crouere thinks the debt ceiling debate revealed a broken Congress.
Play Button  Extra - ROLE OF TEA PARTY - Jeff Crouere, conservative talk show host, feels the Tea Party played a positive role in the debate.
Play Button  Extra - AGREEMENT OVERVIEW - Conservative talk show host Jeff Crouere gives an overview of the debt ceiling deal.
Play Button  Extra - HOW TO RAISE REVENUE - Jeff Crouere, conservative talk show host, feels there are ways to increase tax revenues he would support.
Play Button  Extra - LOWER TAXES, MORE REVENUE - Conservative talk show host Jeff Crouere explains how he thinks lower taxes can increase federal revenues.
Play Button  Extra - DEFENSE CUTS - Jeff Crouere, conservative talk show host, is concerned about cuts to defense spending.

08/11 - Debt Ceiling Deal: Controlling the Budget 2011

What does the compromise bill mean for the average citizen?

With just hours to spare, Congress passed and President Obama signed the "Budget Control Act of 2011" allowing the country to extend its debt ceiling and avert a potentially catastrophic default. Where will the $1.5 trillion in spending cuts fall? What role did the bill play in downgrading the U.S. bond rating? And what does the compromise bill and downgrade mean for the average consumer? Watch "Debt Ceiling Deal: Controlling the Budget 2011" on Louisiana Public Square, Wednesday, August 24th at 7:00 PM CT.

Backgrounder

With just hours to spare, on August 2nd Congress passed and President Obama signed the "Budget Control Act of 2011" allowing the country to extend its debt ceiling and avert a potentially catastrophic default. The bill was the final chance in a series of proposals to raise the debt ceiling before the default deadline. The bill reduces federal spending by $917 billion over the next ten years with an additional $1.5 trillion in cuts to be proposed by a bipartisan congressional committee by Thanksgiving. Where will these cuts fall? What role did the debate play in the downgrading of the U.S. bond rating? And what does the compromise agreement and downgrade mean for the average consumer?

...Read Full Backgrounder

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Our Panelists:

This program was also funded in part by the Louisiana Forestry Association

It’s not politically correct to point out the fact that congress spends primarily for the purpose of getting re-elected!

Posted by William Weldon  on  08/24  at  07:47 PM

I really enjoyed participating in this week’s show. I only wish there was more time to continue the discussion. Hopefully, Mr. Cassidy will take the information given by the economist on your panel, back to Washington to make the necessary changes needed to right our economy.
Thank you,
Reginald Ducote

Posted by Reginald Ducote  on  08/25  at  08:38 AM

The show today came up with many was to fix or put a bandage on the problem, but as we know none of the solutions will be put into play. The ideal that most people with money dont have many problems, they just don’t care. To answer any question is simpley to say 25 percent do, don’t, don’t know , and don’t care, so you can never please any group, but the problem is the the one that is making the rules is total 3 percent and that don’t add up. No one should cut anything that is by the people and for the people. A person once asked why do robber rob banks, he said that’s where the money is. Where is the money and if it get too bad assume it is a security threat and put a block on the money until we get things worked out.

Posted by Travis Johnson  on  08/25  at  09:55 AM

There a few points I would like to address:
1. The senior citizens have earned their own social security dollars, we should not cut it.
2. Reform Social Welfare. Too many families has been on the program for generations. It’s unfair that most of the tax payers only able to afford to raise 2 or 3 children while the welfare recipients have dozens children and everyone is receiving our free tax dollars.
3. Reform Amendment 14. We can’t afford to recognize those illegal immigrant’s babies to be our future citizen. This has threatened our southern border with a country suffering from high levels of crime, unemployment and income inequality. Over 20 millions of illegal immigrants including the Chinese illegal immigrants are in here.  Remember, China has over a billion of population and majority of them are trying to move over here in the US.  President Obama should not legalize it.
4. The Foreign Aids need to be re-evaluated. Why we still donate several billion dollars to China yearly? CHARITY BEGINS AT HOME. We need to fully control our borders to secure our territory prior to protecting the others.

Posted by Li-Jane Lee  on  08/29  at  02:17 PM
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Current Topic


     09/18 - Revisiting Reform

Are the criminal justice reforms working as intended?
In 2017, Louisiana’s legislature passed the Justice Reinvestment Act, which sought to reduce the state’s highest-in-the-nation incarceration rate. The bill was championed by Democratic Governor John Bel Edwards and received bipartisan support including from community and business leaders. Now, just over a year later, the legislation has become a political football. State Attorney General Jeff Landry and Senator John Kennedy, both Republicans considering a run against Edwards in 2019, suggest that the reform package is a failure. They cite murders committed by two inmates released since the Act’s implementation.

Are the criminal justice reforms working as intended? Has the legislation put more residents in harm’s way or are plea deals part of the problem?

Louisiana Public Square looks for answers to these questions and more on “Revisiting Reform” Wednesday, September 26 at 7pm on LPB and in New Orleans on WLAE.

Our panelists are:
• E. Pete Adams, Executive Director, La. District Attorneys Association
• Alanah Hebert, ACLU of Louisiana & Justice Reinvestment Task Force
• Andrew Hundley, Louisiana Parole Project
• Sec. Jimmy LeBlanc, La. Department of Corrections

The program features interviews with Louisiana Attorney General Jeff Landry; Rep. Terry Landry, D- New Iberia, with the Justice Reinvestment Oversight Council; Deputy Assistant Secretary Natalie Laborde, with the Louisiana Department of Corrections; and Stephanie Riegel, editor of the Baton Rouge Business Report.

LPB CEO, Beth Courtney and professor Robert Mann with the LSU Manship School of Mass Communication host the show.

Louisiana Public Square can also be heard on public radio stations WRKF in Baton Rouge; Red River Radio in Shreveport and Monroe; and WWNO in New Orleans. Check their station websites for schedule.

Learn More!
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