Newsmax: Jindal to Turn Down $100 Million in Stimulus Funds

Newsmax.com:

Louisiana Governor Bobby Jindal appeared on NBC’s “Meet the Press” Sunday. He explained his decision to turn down $100 million in federal stimulus money for his state.

Transcript follows:

DAVID GREGORY: You have a budget shortfall in Louisiana of $2 billion. Now, under the stimulus plan by the Obama administration, you would get a cut of that. You’d get $4 billion in federal stimulus. But this is what you said on Monday about the stimulus plan: “We’re going to have to review each program, each new dollar to make sure that we understand what are the conditions, what are the strings and see whether it’s beneficial for Louisiana to use those dollars.” And just Friday you made good on that pledge not necessarily to take the federal money, saying that you would reject almost $100 million in federal unemployment assistance. Why would you turn this money down?

GOV. JINDAL: Well, let’s be clear. The best thing that Washington could do to help Louisiana and all of our states with our budgets is to get this economy moving again. I think we just have a fundamental disagreement here. I don’t think the best way to do that is for the government to tax and borrow more money. I think the best thing they could’ve done, for example, was to cut taxes on things like capital gains, the lower tax brackets, to get the private sector spending again. I think they had a provision the net operating losses to help small businesses. Unfortunately, they slimmed that down. They could’ve done some things on a real energy policy. If all they do is borrow federal money and give it to the states, all we’re really doing is delaying the inevitable. We’re eventually going to have to make these hard choices anyway. In Louisiana we made midyear reductions, $241 million. We’re going to have to do more with less. What would be more helpful from Washington is less unnecessary spending. How does $300 million for federal cars, $50 million for the National Endowment for the Arts, how is spending like that going to help our economy? How’s that stimulus?

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