Katrina Leaves La. Budget in Worse Shape (AP). AP - With New Orleans' industries devastated and many of its individual taxpayers scattered across the country, Louisiana faces huge new budget problems in the wake of Hurricane Katrina. [Yahoo! News: U.S. National]
This is only the first of many issues the state and the country will have to figure out. At what point will other legislations look at the mess and say, cutting taxes to the point were we have no net is pointless. Unfortunately, it may never happen until it is well past too late and we have to pay twice for it.
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