TREASURY: LOUISIANA'S BIGGEST "BANK"

BATON ROUGE — It was an honor to be sworn in as Louisiana’s Treasurer by our new Speaker of the House, Congressman Mike Johnson. Mike is very special to me. Not only are we close friends, but he succeeded me as Congressman from the 4th District eight years ago. Together, we have had the privilege of representing the great people of Northwest and Central Louisiana and parts of Acadiana in our nation’s Capitol for the past 16 years.

I want to thank you for choosing me as your state Treasurer! It is a wonderful opportunity and a tremendous responsibility.

Many people probably think the Treasurer’s job is mainly ceremonial and that he simply affixes his signature to checks and other documents. The truth is, there is much more to it than that.

Complying with State Law

The Treasurer’s signature is indeed attached to almost every check issued by the State of Louisiana, and more than $60 billion in checks are written by the Treasurer every year. That’s $60 billion with a B!

More importantly, the Treasurer is responsible for making sure that those state funds are spent in accordance with the Louisiana Constitution and statutory law. On some days, the Treasurer writes more than $400 million in checks! All expenditures have to be authorized by appropriation bills passed by the Louisiana Legislature.

The Treasurer also collects $60 billion in revenue each year. In fact, every day at the close of business, the bank account of every state agency is zeroed out and the funds are transferred at that moment to the state’s General Fund maintained by the Treasurer.

Technically speaking, the state Treasury is not a bank, but if it were, it would be by far the largest bank in Louisiana.

Staff Doing Good Job

Since being elected your Treasurer in November, I have been preparing to make the transition. I want to thank Treasurer John Schroder and the staff at the Department of Treasury for the good job they have done and for their cooperation and help during this period.

As a young doctor just out of medical school, I learned the importance of surrounding myself with a strong team of professionals. The good news is, we have a strong team of professionals in place in the Treasurer’s office.

We have inherited an agency with a history of success and without major scandals. I do not plan major upheavals in the department but rather to find ways to build on that history of success.

In Louisiana, we have had conservative Republican Treasurers for the past 20 years (John Kennedy and John Schroder) and, even before that, our Treasurers made many important improvements to the office. Two of our last three United States senators from Louisiana were state Treasurer before their election to the Senate — John Kennedy and Mary Landrieu.

     Many of the current staff were hired by John Kennedy, and I am very impressed with a program begun under Mary Landrieu, which is called Bank-at-School. Under this program, community banks in our state have established branches in many schools. This allows students to open a bank account and learn the value of savings and handling money carefully.

Reaching Young People

Bank-at-School, which is strongly supported by the Louisiana Bankers Association, fits well with a bill passed by the legislature last year requiring that every student in Louisiana public schools pass a one-year course on Financial Literacy in order to quality for TOPS. The new course starts this fall.

I am excited that the Treasury will be involved in developing this course. Hats off to Rep. Nicky Muscarello, the members of the Louisiana Legislature, and Gov. Edwards for approving this important legislation. Also to State Education Supt. Cade Brumley and his staff for their work on this course.

Investing the People’s Money

Another very important duty of the state Treasurer is investing nearly $16 billion in state funds. The Investments Division of the Treasury is a fascinating place where decisions are made almost every day that affect the financial health of our state.

How those funds are invested is controlled by state law, but the Treasurer sometimes has the discretion to make policy decisions regarding these investments. In recent years, the legislature and the Treasurer have divested funds that discriminate against Israel or penalize gun manufacturers or dealers.

We intend to look more closely at such issues as well such as how more of our investment dollars can be moved to community banks serving Louisiana citizens and businesses.

State Bond Commission

The Treasurer serves as chairman of the State Bond Commission. In this way, he plays a very significant role in the approval or disapproval of the issuance of debt by the state, state agencies, local governments, and even some private entities. Local tax elections also have to get approval of the bond commission. The staff of the commission works within the Treasurer’s office.

State law requires the Treasurer to serve on 30 different boards and commissions. Besides the bond commission, the Treasurer serves as president of the Louisiana Asset Management Pool, or LAMP, and as a member of important boards such as the Interim Emergency Board, the State Employees Retirement System, the Teachers Retirement System, and many others.

Unclaimed Property

Without question, the most popular function of the Treasurer’s office and the one that gets the most public attention is the Unclaimed Property Division, which helps Louisiana citizens and businesses claim property which they have lost track of, such as old bank accounts, forgotten deposits, and tax refunds. So far, Louisiana’s Treasurers and the hard-working staff at Unclaimed Property have helped get more than $700 million into the hands of the rightful owners.

Over the next four years, we will work to find ways to provide all of these services to the people of the state even more efficiently.

Cutting Waste, Fraud

We also want to be a force for finding ways to save taxpayer dollars and eliminate waste, fraud, and abuse from state government.

It is exciting to be part of a new team of statewide elected officials in Louisiana. We plan to work closely with Gov. Jeff Landry and all of our statewide officials and the legislature to provide excellent service to the people of our state.

John Fleming, MD
Louisiana State Treasurer

Posted on January 15, 2024 and filed under John Fleming.

Kennedy attempts to overcome Biden veto of resolution blocking invasive, woke CFPB rule

“Congress has already passed this common-sense resolution to safeguard the personal information of small business owners, and it’s wrong for a minority of senators to allow Pres. Biden to keep putting sensitive personal information at risk.”


WASHINGTON – The Senate today attempted to overcome President Joe Biden’s veto of Sen. John Kennedy’s (R-La.) Congressional Review Act (CRA) resolution of disapproval. The resolution would prohibit the Biden administration’s Consumer Financial Protection Bureau (CFPB) from enforcing its Dodd Frank Section 1071 small business data collection rule. The attempted veto-override earned 54 votes, failing to reach the two-thirds majority needed to advance.

The Senate originally passed Kennedy’s resolution of disapproval in October, and the House of Representatives passed it in December. 

Common sense is illegal at the CFPB, yet some of my colleagues failed to protect the privacy of small business owners across America from the Biden administration’s woke, invasive rule. Congress has already passed this common-sense resolution to safeguard the personal information of small business owners, and it’s wrong for a minority of senators to allow Pres. Biden to keep putting sensitive personal information at risk,” said Kennedy.

Section 1071 requires covered financial institutions to collect certain personal information on small business loan applicants and report that to the CFPB. This information includes an applicant’s race, ethnicity and sex and whether the business is minority-owned, woman-owned or LGBT-owned. The CFPB may then make certain parts of that information public, including data that could be used to publicly identify the small business credit applicant.

Background:

  • Kennedy introduced the Small LENDER Act to protect Louisiana’s small businesses’ access to capital. The legislation would block the Biden administration’s CFPB from requiring community banks and small lenders to collect and report social data—such as race, gender and ethnicity—from borrowers. 

The legislation is available here

Posted on January 11, 2024 and filed under John Kennedy.

Kennedy: American wages haven’t kept up with Biden-flation

WASHINGTON – Sen. John Kennedy (R-La.) today explained on the Senate floor how Washington’s out-of-control spending under President Joe Biden has left Americans with lower real wages, soaring credit card debt and shrinking savings accounts.

“As a result of Bidenomics and inflation, in my state, the average family making $80,000 a year is going to have to pay an extra $800 a month because of inflation. That’s an extra $10,000 a year. . . . That’s happening right now to millions of Louisianians and millions of Americans. What are you going to do?”

. . .

“A pay raise doesn't work. It’s great to have, but inflation eats it up and then some. Well, ok, that family’s still got to find $10,000. What do you do? Well, you go borrow the money, and that’s what’s happening: Credit card debt. Buy now, pay later. Or other types of loans. Don’t just take my word for it. On the last numbers we have in the third quarter of this year, credit card spending was up 9% at Chase Bank. It was up 15% at Wells Fargo.”

. . .

“People are using credit cards. They are charging more and more, and they’re paying less and less on those credit cards. They’re getting deeper, deeper into the hole.

“What else are people doing in my state and every other state? They’re raiding their savings. If you look at the numbers, personal deposits are down 3% year-over-year at Chase Bank. What does that mean? It means people are raiding their savings accounts to deal with this inflation.”

. . .

“My point, Madam President, is that these actions that are taken in Washington, D.C. have real-life consequences for average, everyday American families on fixed incomes. . . . People are having to borrow, and people are having to raid their savings, and it is clearly a cancer on the American dream.”

Posted on January 10, 2024 and filed under John Kennedy.

Speaker Johnson forces CBS News anchor into embarrassing admission after she tries to smear him as an 'election denier'

House Speaker Mike Johnson (R) thoroughly dismantled on Sunday CBS News anchor Margaret Brennan for attempting to paint him as an "election denier."

In the aftermath of the 2020 election, Johnson — and the majority of the House Republican caucus at the time — signed an amicus brief supporting Texas v. Pennsylvania, a lawsuit filed to the Supreme Court. The case alleged that Pennsylvania, Georgia, Michigan, and Wisconsin had violated the Constitution because those states changed their election procedures (citing the COVID-19 pandemic as justification) through non-state legislative means.

The Supreme Court ultimately dismissed the case after finding that Texas did not have standing to sue.

But in an interview Sunday on CBS's "Face the Nation," Brennan tried to use Johnson's support for the case to smear him as an "election denier."

Read more: Speaker Johnson forces CBS News anchor into embarrassing admission after she tries to smear him as an 'election denier'

Start at 20:58 for comments on the election

Posted on January 9, 2024 and filed under Joe Biden, Mike Johnson.

Tucker and Clay Higgins Reveal Huge # of FBI Assets on J6, Including Some 'Dressed as Trump Supporters'

Tucker Carlson did an interview with Rep. Clay Higgins (R-LA) over the weekend about Jan. 6 and he asked him about the question Higgins had pursued with FBI Director Christopher Wray in 2022: How many FBI agents/informants were involved on Jan. 6?

Posted on January 9, 2024 and filed under Clay Higgins.

Governor Jeff Landry Assumes Office

Takes immediate action to maintain education standards, issues call for required special session, and formerly establishes the office of the First-Lady

Baton Rouge, La­–Today, Governor Jeff Landry took action to maintain education standards, he issued a court required call for a redistricting special session, and he formally established the office of the First-Lady

Today’s Executive Order, the Veto of Graduation Appeals Process, will ensure that students are adequately prepared for post secondary education and the workforce by meeting minimum standards of proficiency in core subjects. (EO attached)

“Ensuring our children have a quality education is a top priority. Today’s Executive Order will maintain our education standards,” said Jeff Landry.  

Today’s required call for a special session will redistrict the congressional districts of Louisiana along with the districts of the Louisiana Supreme Court, and make other election related changes. (Call attached)

“The courts have mandated that the state of Louisiana redraw our congressional districts. Redistricting is a state legislative function. That is why today, I followed the court order and made the call to convene the legislature of Louisiana into a special session on redistricting,” said Jeff Landry.

 Today’s Executive Order to fund the office of the First Lady mirrors the actions of former Governor John Bel Edwards. It will establish and formerly recognize her office as part of the Office of the Governor. (EO attached)

“Our First-Lady, Sharon Landry, will be an incredible ambassador to Louisiana. I am proud to fund this important office, and I look forward to seeing the work she will do for folks across the state,” said Jeff Landry.

The executive orders can be found here:

Executive Order

Veto of Graduation Appeals Process

Special Session on Redistricting

Posted on January 9, 2024 and filed under Jeff Landry.

Louisiana’s 57th Governor, Jeff Landry, Holds Inaugural Ceremony

Photo source: WWL-TV

Baton Rouge, La­–Today, Jeff Landry held his Inaugural Ceremony where he took the oath of office to become Louisiana’s 57th Governor. He will assume office at noon on Monday, January 8th.

 Jeff Landry’s Inaugural Address as prepared for delivery:

To the cherished people of our beautiful state, honored guests, our heroic Veterans, elected officials, family and friends.

Welcome home!

I am deeply humbled. Humbled first by the grace of God, humbled by your presence here today, humbled by the continual prayers that shower our loved ones, and humbled by the friendships we share.

It is fitting and appropriate that we stand today before this capitol, the sun having set on the past and where a new Louisiana day dawns.

This magnificent capitol stands as a monument to the history of our beloved state.

Sculpted in the stone, wrought in the steel, captured in the décor are the symbols of our great history.

The awe of this structure is inspiring at the thought of common people, those living and those gone, whose toil and suffering built it.

Not as a delusion of self-aggrandizement, but as a reflection of their hopes and dreams.

Carved in this stone is the story of Louisiana, from Native Americans, to French and Spanish Explorers, to the thousands that came from other lands, to those removed to this place by forces of the past.

This is our home. This is your home.

These revered and illustrative chronicles reveal just how the world has found Louisiana to be.

The embodiment of a spirited people that will take you in.

A people that will share their table with you. A people who will rush to console you. A people who will fight for their beliefs. A people who will not rest when you need help. A people of immeasurable love and unrivaled determination.

In the battlefield of life and in the straight face of adversity… it is Louisiana’s perseverance that stands as a measure of inspiration.

From the fishermen and the shrimpers that know no toll of hour, nor individual safety, as they wrought their catch.

To the millions of our toughest that spent the largest portion of their life in our fields and forests.

To those brave and rugged souls that risked life and limb decade after decade in and around ship-yards, drilling rigs, and plants.

To the thousands of service workers, cooks, waiters, hotel maids that humbly serve others day after day and night after night… because this is their building too.

As we reflect together before this Capitol, let us remind ourselves that the grandeur of this structure shall never equal our worth as a people, as a culture of peace, of sharing, of patriotism, of family values, of honor and courage.

For ours is a culture of joy, of love, of kindness, of resilience, of diversity, and of unbridled hospitality.

The beautiful and unique people of Louisiana are the originators of welcome. Bienvenue.

Hospitality may have been invented in the South, but it was perfected in Louisiana.

Again, Welcome Home!

Whenever and wherever people meet crisis, they look to the people of Louisiana, who for over 300 years, have always come back.

Have always measured up.

Have always stemmed the rough tides and stood down the angry winds.

Only to crawl back, swim back, fight back, get up, stand up, and to never ever forget who we are and why we are here.                         

We know far too well why those who leave our state for other opportunities, shall always hear the whisper of the live oak to come back home!

The everlasting love of our culture tugs at their heart,
it speaks to their soul.

Coming home to Louisiana feeds their soul and their endearing longing to be here—— home where they belong.

To the ladies and gentlemen of our Legislature, Senators and Representatives from each of our 64 different and unique Parishes, representing the 4.6 million great citizens of this beautiful State.

I stand before you, and beside you, with the complete and total realization that the people of Louisiana have designated this Capitol as the hallowed place where their voices are to be heard together; in equal and fair measure; and in its’ broadest format.

We are mere proxies in the living illustration of the people’s chosen representative government.

It is here that we come together, so that their lives are governed evenhandedly. So that their hard-earned money is spent judiciously; so that their institutions are compelled to serve them, and not disenfranchise them; so that theirgovernment fulfills the missions contrived by them; and so that their children are promised the perpetual legacy of opportunity.

The place is here, the time is now, and the challenge is ours.

And may we be mindful of the fact that – how – we carry out our public service, is what separates politicians from statesmen.

Our people did not send us here to quarrel over the senseless, the personal, the trivial, or the political.

Our problems cannot find resolution whenever political divide becomes the antitheses to solution.

Our people did not send us here to settle scores or engage in battles created by secretly funded manipulators that profit by dividing Americans.

Instead, the people sent us here to repair and reform their government and to unleash innovation and production, so their future and the future of their children are made better.

They sent us here not as politicians seeking the next vote, but as Statesmen seeking the next generation.

For the people of this state are hopeful and anxious.

They demand leadership that will place the greater good of this state above personal agendas, delusional entitlements, and special interests.

Our people seek government that reflects their values.

They demand that our children be afforded an education that reflects those wholesome principles, and not an indoctrination behind their mother’s back.

The most important voice in a child’s education should be that of their parents.

It is only through education without indoctrination, that a child finds his or her true potential.

No one knew this better than my mother. She taught as a profession. She taught as a calling. She taught with leadership and courage. And Mom taught by example.

Over 50 years ago, at the height of desegregation, she took her first teaching job at Loreauville High teaching English, French, and girls’ physical education.

At that time women’s sports was aspirational at best, second class at worst.

She was the only female coach, but she was undeterred.

She saw sports as a way to bring people closer, to create bonds and camaraderie that would extend beyond the racial barriers she was determined to help tear down.

Her determination established the school’s first women’s basketball program.

She and her students created a program, literally, out of  “whole cloth”, because she and her girls sewed their own uniforms.

She fought for court time for her girls, many of whom had never touched a basketball.

But her instinct told her that if she taught these girls the value of teamwork and commitment it would provide a foundation to succeed in life.

And oh, what a struggle the first season was; the team lost their first game by more than 100 points and lost every game on the schedule.

But Mom was determined to keep them motivated and enthusiastic, so she changed the objective; instead of focusing on winning the next game, the goal was to score a certain number of points.

And with each game they would set a new level of points to score, so that game by game, point by point, they improved, they learned, and they developed character.

From nothing to something, from seemingly an utter failure; those girls created a program that would earn the district title and a playoff berth in just four short years.

May I take a moment to recognize these wonderful ladies who were as much a part of shaping me as my Mom. Thank you very much for being here.  I know my Mom believed in you.

That is the calling of a great teacher. That is what great teachers do. That is what we must all do now for their sake.

We must commit ourselves to the crisis that is evolving in some of our schools and restore the peace of mind that our parents enjoyed when they sent us to school each day.

We must honor our teachers by letting them teach and safeguard our schools from the toxicity of unsuitable subject matter, so that the sanctity of the student and the teacher is restored.

The people of Louisiana deserve a government just as great as they are.

I fully appreciate that in governing, a difference of opinion must exist for there to be deliberation.

And it is our duty to deliberate respectfully and productively to deliver solutions our people seek.

It is in that spirit that I welcome your thoughts; I value your opinions; I respect your ideologies; and I sincerely invite your ideas.

To the Legislature;  I ask you to help me help you, and together help them — for our failure is not an option.

To my fellow citizens;  I pledge to you an open door. I welcome anyone and everyone to the table of thought with an open ear.

I have learned by listening to the voices of those that long to be heard.

I sadly hear the victims of crime whose compelling voices have gone un-heard for far too long, squelched by the misguided noise of those who had rather coddle criminals than live in peace.

I mince no words about the consequences that I feel are wholly appropriate for those who commit violent crime in our state.

For it comes from listening to the innocent victims of the senseless, uncivilized, and outrageous violence that too many have suffered. Families ripped apart; loved ones taken from us by people with no conscience who do not deserve the privilege of freedom.

Those victims speak out for justice and it is our duty to act, so that others are spared that same burden of pain.

Today I recognize and honor two extraordinary, brave, and relentless citizens: Miss Michelle Anglin and Mr. Cortez Collins. Michelle and Cortez, please stand.

Michelle and Cortez could easily be your sister, your brother, your neighbor; raising their child with love and nurture as the beacon of hope and the light in their lives.

Michelle and Cortez lost their light when their children were taken from them by senseless violence.

More sadly, they represent many other parents, brothers, sisters, aunts, uncles, cousins in our state, that wake up every morning from the nightmare of losing a loved one to cruel, unconscionable, and senseless violence.

We owe no higher obligation as public servants than to fix this. To fix it now and to fix it for good.

To Michelle and Cortez, I say may God rest his hand on your heart, and I pledge to do all I possibly can to make our state safer, and to bring an end to the misguided and deadly tolerance for crime and criminals that plagues us.

To the men and women who protect us, who stand firmly on that thin blue line.

Our appreciation is expressed today in the rows of flags that have been placed on these sacred grounds and this profoundly empty chair. We know too well the sacrifice you give every day,  and the risk you endure to protect us from those who will not follow the laws of society.

Our police officers, our correctional officers, and our deputies deserve our gratitude, our respect, and our support. For I have stood in their shoes and my love and support for them shall never waiver.

The concern of our families for their own safety in their own neighborhood has been heard loud and clear and will beaddressed by whatever legal means necessary from this day forward.

There is no greater gift we can give to a person than to provide the opportunity for their labor. To enable their own self-sufficiency and in doing so, we revel in the thriving of our economy.

As we shape policy and seek solutions to the challenges of energy, exploration, production, conservation practices, and the protection of our precious environment.

We shall seek and we shall heed, all of the science, not just the selective slices spoon-fed to us by those seeking to profit, in many cases, from the taxpayer funded subsidies that disregard the health, the safety, and the employment security of our citizens; hiding the truth about the real environmental footprints created by the lust for wealth by a chosen few and their reckless proposals.

It’s time our policy makers consider all the facts without regard for the purchased influence that seeks to destabilize the economic security of our families and the energy policy of our state and nation.

We are mindful that America is a nation of small businesses.

As a small business owner myself, I understand, I appreciate, and I fully support any Louisiana citizen with the courage to risk their precious capital to pour their heart and labor into an idea, working tirelessly to make a dream a reality. You are the people who built this country. For you generate revenue for state and local governments, and pave the way to prosperity for all Louisiana citizens.

The health and welfare of our families has been politicized to the point of endangerment and disregard for the dignity of our elderly and our suffering.  All the while the price we pay goes up, while the outcomes go down. Medical needs are changing as rapidly as the methodology of providing the services for those needs.

It is our public and our moral obligation to stay ahead of those changes and to develop more efficient, more expedient, and more conscientious practices in our hospitals, in our clinics, and in our nursing homes.

Home health care and telemedicine expand medical access to more and more Louisiana citizens and elevate their quality of life.

It is my further belief that our medical professionals, our doctors, our nurses, our therapists, our EMTs, our first responders, and all those who work to care for others, are among our very finest.

They carry the burden of healing others. They are a constant and unfailing inspiration. For they are the ones that provide comfort and hope.

The health care policy decisions we make as a government cannot and will not be advanced without the benefit and input of their invaluable knowledge and their inspirational compassion.

Exactly 208 years ago at this very time, the most powerful armed force in the world were mobilizing around the city of New Orleans to conquer Louisiana, to hopefully rescind the Louisiana Purchase, and to claim our rivers, our cities, our towns, and our settlements to serve their King.

Tomorrow morning marks the anniversary of that fateful sunrise attack.

The untrained and outnumbered Louisiana militia of 1,000 men, were logistically no match for the superior British force of 6,000 highly trained and perfectly equipped soldiers.

Those Louisianians represented the magnificent diversity and courage of our state that exists today.

They were men of all colors, ethnicities, backgrounds, status, and religions.

There was the wealthy few, the working poor, many were farmers, shop keepers, enslaved men who were readily armed and fought valiantly, some were fishermen, boat builders, clergymen and pirates side-by-side, shoulder to shoulder.

The bravery of Louisiana that day, stunned the world with a crushing defeat of King George’s army. It is a story of courage, of optimism, of how a group of people with extremely different opinions; set aside their differences, embraced one another’s courage, and demonstrated to the world the power of unity.

Theirs is a story of defeating fear and adversity— with courage and diversity.

This story is our story.

We are the same Louisiana people of that fine hour.

Then as now, we love to love, and we love to argue. More importantly, we still love when we finish arguing.

It is that indomitable spirit so deeply rooted in the DNA of Louisiana that motivates us, that reminds us that we can do anything, that we can solve any problem, that we can count on one another, that whatever befalls one of us rallies all of us.

That is what we do in Louisiana. That is who we are.

If America is a melting pot, Louisiana is the gumbo that fills the pot.

To the people of Louisiana, there is something quite extraordinary about you.

What kind of people could make mosquito infested marshes and swamps their productive, beautiful, and thriving home?  What kind of people could fabricate industry along the bayous, rivers, and a turbulent gulf? What kind of people could tame the wilderness and the vast forests?

What kind of people could lead the world in the energy sector and provide the technical force that lifted the world from mud and poverty? What kind of people could master the land and produce an agricultural abundance to feed the world?

What kind of a people could master the violence of our sea and rivers to create commerce and trade?

Only you, the amazing and wonderful people of Louisiana.

Only you, could turn your exile into a garden of Eden and a place where the entire world celebrates the unique culture we have created.

There is no place like Louisiana and nowhere are there fabulous people like you.

I love Louisiana. If I had a hundred lives to live, I’d live them all in Louisiana.

Again, welcome home!

The rich historical examples of our great state fighting back, bouncing back, and coming back, again and again, is what motivates me every day, from this day forward, with all that I am, with all that I have, to serve the greatest people on earth.

May God bless each one of you and our beloved state of Louisiana.

And, again, welcome home!

Posted on January 8, 2024 and filed under Jeff Landry, Louisiana.

Kennedy in The Ouachita Citizen: To raise real wages, President Biden’s New Year’s Resolution should be to rein in federal spending

 ­

“To fix a problem, you have to get to the source, and Washington’s spending spree caused this inflation.”

MADISONVILLE, La. – Sen. John Kennedy (R-La.) penned this op-ed in The Ouachita Citizen explaining how Washington’s out-of-control spending helped fuel inflation that far outpaced real wage growth during the past two-and-a-half years. Kennedy urges President Joe Biden to work with fiscal conservatives to regain control of federal government spending in the new year.

Key excerpts from Kennedy’s op-ed include:

“If recent polling is any indication, the American people are hoping President Biden’s New Year’s resolution will be to stop promoting bad policies that drive up prices and lower their quality of life. 

“Some at the White House, however, believe the American people have nothing to complain about. For the last part of 2023, President Biden’s team has been wielding cherry-picked statistics about gross domestic product (GDP) growth or job numbers hoping to convince Americans not to believe their ‘lying eyes’—or their empty wallets. The Biden administration seems to think that if they celebrate ‘Bidenomics’ as if it were good policy, the American people will join the party.

“Unfortunately for President Biden, Americans may be poorer under his tenure, but they can still afford to pay attention. They’ve watched prices climb for two-and-a-half years, and they know wages aren’t keeping up.”

. . .

“Families deserve the full truth about the economy, and here it is: Most of these high prices are here to stay. The rate of inflation has slowed down—and that’s good news—but all that means is that prices aren’t rising quite as quickly as they did last year.

“To fix a problem, you have to get to the source, and Washington’s spending spree caused this inflation.”

. . .

“As January approaches, the Biden administration should make a simple New Year’s resolution: Work with fiscal conservatives in Congress to cut spending. That’s the only way working Americans will get consistent relief from the pain of rising prices.” 

Read Kennedy’s full op-ed here.

Posted on January 5, 2024 and filed under Joe Biden, John Kennedy.

LOGA Responds to Tyler Gray’s Appointment as DNR Secretary

BATON ROUGE, LA (January 3, 2024) - Today, Louisiana Governor-Elect Jeff Landry announced the appointment of Tyler Gray as Louisiana’s next Secretary of the Department of Natural Resources. In response, LOGA President Mike Moncla issued the following statement:

“This appointment marks the start of a new era for our state’s oil and gas industry.

Not only is Tyler Gray extremely intelligent; he knows our industry backwards and forwards.

Tyler has worked closely alongside LOGA over the years, and we know that he will be an incredible asset for our industry.

I’d like to thank Governor-Elect Landry for making such a fantastic choice to move Louisiana’s oil and gas industry forward with this appointment.”

Posted on January 3, 2024 and filed under Louisiana, Oil and Gas, Jeff Landry.

GURVICH: 2023 - Historic Year for the LAGOP

As we prepare to close out 2023, Louisiana Republicans and fellow conservatives can take pride in a series of extraordinary election wins resulting in victories in all statewide offices, increased Republican super-majorities in both houses of the legislature, and down-ballot wins throughout the state. In Jeff Landry, we now have the right man to fix the country's most bloated and inefficient state government, and he will have the legislative support to achieve the necessary reforms.

This has truly been a historic year for the LAGOP, and we have much to be thankful for during this holiday season. Allow me to express my gratitude for the foresight, strategic initiative, unity of purpose, and hard work during this campaign cycle, to our candidates, and to the ladies and gentlemen of the Republican State Central Committee, our parish executive committees, the Louisiana Federation of Republican Women, our Pachyderm clubs, college Republicans, activists, supporters, etc. Thank you for a job well done!

But in politics no victory is ever final, and 2024 will be a pivotal year in the future of our country. We will soon be engaged in an epic battle for the presidency and control of Congress, and we must win this battle or lose the America that we know and love. Louisiana Republicans and conservatives must remain committed to our cause and united in our efforts if we are to make our contribution in this critical contest. Much will be asked of us in the coming year, but I have no doubt that we will see this trial through to victory.

But the time for politics in 2023 has passed as we enter the high holiday season. It is time for friends and family, for reflection, for giving thanks to God. On behalf of the officers and staff of the LAGOP, I wish everyone, regardless of party affiliation or ideology, a very Merry Christmas, Happy Holidays, and a very Prosperous New Year!

Louis Gurvich, Chairman

Republican Party of Louisiana

Posted on December 22, 2023 and filed under LAGOP.

OPINION: Reduce Costs at Pharmacies

Patients like me who rely on prescription drugs to manage a range of symptoms and health care conditions are tired of getting gouged by increasingly high out-of-pocket costs at the pharmacy. Our elected officials in Congress must do something this year to help reduce these burdensome costs and protect patients in Louisiana and throughout the nation.

The most effective thing Congress could do to help bring out-of-pocket prescription costs down would be to reform the harmful practices and policies enforced by Pharmacy Benefit Managers (PBMs). These insurer-owned groups have proved time and time again that they do not have the best interests of patients in mind as they only care about boosting their profits whenever and however they can.

Sadly, that even includes an all-too-common practice in which PBMs will negotiate with drug manufacturers to secure significant discounts or rebates on certain medications. However, instead of passing those discounts down to patients to help them lower their out-of-pocket expenses, PBMs will generally just absorb the savings to inflate their already massive profit margins.

That is why Congress must pass PBM reform legislation before the end of the year. Senators Cassidy and Kennedy can do their part by supporting and helping to advance both the Delinking Revenue from Unfair Gouging (DRUG) Act as well as the Modernizing and Ensuring PBM Accountability Act. Vulnerable patients shouldn’t have to pay more out of pocket just so these greedy PBMs can keep raking in the profits.

Shayne Benedetto

Posted on December 21, 2023 and filed under Drugs.

President signs into law Kennedy bill to require FCC to expand 5G access to rural Americans by releasing previously auctioned spectrum

“I’m grateful to see my bill signed into law so that more Americans have the tools they need to do their jobs and grow their businesses.”

MADISONVILLE, La. – President Joe Biden signed Sen. John Kennedy’s (R-La.) 5G Spectrum Authority Licensing Enforcement (SALE) Act into law. The legislation will require the Federal Communications Commission (FCC) to release previously auctioned spectrum to expand 5G broadband access to rural communities. 

“Louisiana’s job providers depend on wireless communications as they support rural economies. My 5G SALE Act will provide crucial broadband access by giving the FCC the authority to finish transferring previously auctioned spectrum to companies that offer 5G coverage. I’m grateful to see my bill signed into law so that more Americans have the tools they need to do their jobs and grow their businesses,” said Kennedy. 

The Senate passed Kennedy’s legislation this September, and the House of Representatives passed Kennedy’s legislation earlier this December.

The 5G SALE Act will temporarily grant the FCC auction authority it needs to complete spectrum transfers, which will allow broadband services to provide greater 5G network coverage to Americans in rural areas.

Background:

In 2022, the FCC auctioned off roughly 8,000 licenses to grant companies access to America’s broadband spectrum. These licenses are the only way companies can legally use the radio waves that deliver 5G to customers. These wavelengths are therefore highly valuable.

During the period between when companies paid for their licenses and when the FCC should have parceled the licenses out, Congress failed to reauthorize the FCC’s ability to auction off licenses altogether. The FCC left each company that bought spectrum in that auction waiting to receive its transfer. Despite payments being complete, the FCC said it no longer had the authority to grant those licenses. 

Kennedy’s legislation granted the FCC a one-time, temporary authority to issue licenses purchased in auctions that were held before March 9, 2023 (when the FCC’s Congressional authorization ended).

Prior to the bill’s passage, Kennedy questioned FCC Chairwoman Jessica Rosenworcel in a Senate Appropriations Committee hearing about the commission’s lapsed authority to transfer spectrum licenses already sold at auction.

Full text of the 5G SALE Act is available here.

Posted on December 20, 2023 and filed under John Kennedy.

Kennedy, Alphonse the alligator wish Louisianians a Merry Christmas

“I, along with my wife, Becky, my son, Preston, and our beloved dogs, Lily Grace and Charlie, want to wish you and your family peace and hope and joy during this Christmas season. God bless you all, and Merry Christmas—from both me and Alphonse!”

View Kennedy’s full remarks here.

WASHINGTON – Sen. John Kennedy (R-La.) today looked back on another year shared with Louisianians and sent a special Christmas message to everyone in the state.

“God has blessed me in so many ways, but getting to call Louisiana ‘home’ is one of the blessings I love most,” said Kennedy, alongside Alphonse the alligator, who is also a native Louisianian.

“There is no question that no state can outmatch Louisiana during the holidays. None. Zero. Nada. Our people are merrier, our meals are tastier, our music is more joyful, and no one knows—no one—how to have more fun with the ones they love than the good people of Louisiana. Even when times are tough—and I know they’re tough right now for many Louisiana families—Louisianians always find a way to pull together and give thanks for the blessings in their lives,” he continued.

“Our people make everything good about Louisiana better.”

“So, I, along with my wife, Becky, my son, Preston, and our two beloved dogs, Lily Grace and Charlie, want to wish you and your family peace and hope and joy during this Christmas season,” said Kennedy.

“God bless you all, and Merry Christmas—from both me and Alphonse!”

Posted on December 20, 2023 and filed under John Kennedy.

EXPANDED LA FREEDOM CAUCUS WILL BE ‘TIP OF THE SPEAR’ FOR GOV. ELECT-LANDRY’S CONSERVATIVE AGENDA

BATON ROUGE—The Louisiana Freedom Caucus will expand in the upcoming legislative session and wholeheartedly supports conservative leadership from incoming Governor-Elect Jeff Landry. For far too long, liberals and self-serving politicians have been literally choking the life out of our beloved Louisiana. This has only intensified over the past eight years through the abuse of power by soon-to-be former Governor John Bel Edwards and his myrmidons who suffered staggering losses in the recent elections. They are now trying to spin Edwards’ legacy to distort the realities Louisianans are facing as a result of his failed liberal policies.

There is no clearer indicator of this failure of governance in Louisiana than the exodus of our people. As summed up and solidly referenced on Census.gov, according to the latest available Louisiana numbers, between 2016 (pop. 4,678,135) and 2022 (pop. 4,590,241) the United States grew 3.2 percent in the same time frame, Louisiana’s Republican-run southern neighbor states were blessed with a 5.2 percent increase in residents while Louisiana lost 1.9 percent—88,000 people—as they hit the exits in search of better economic opportunity, better schools and less crime.

This is unacceptable. The people of Louisiana have given Governor-Elect Landry a conservative mandate and the strong support of our Freedom Caucus members will be key to its successful execution.

“Jeff Landry is no stranger to the Louisiana Freedom Caucus. His outside the box thinking is crucial to quickly turn around our state and provide what government is supposed to provide for its people: a Louisiana where our streets are safe, we educate our children in the fundamentals, we protect life and liberty, we stop spending money we do not have on things we do not need and we get over-burdensome government regulation out of the way of our state’s entrepreneurs. We believe Governor Jeff Landry’s vision will serve to hand the blessings of liberty and prosperity to Louisiana’s future generations,” said Beryl Amedée, Executive Officer of the Louisiana Freedom Caucus.

“The Louisiana Freedom Caucus looks forward to being the tip of the spear in bringing our new governor’s conservative agenda across the finish line,” Amedée added.

Posted on December 14, 2023 and filed under Jeff Landry, Louisiana.

MELANCON: Building Communities Through Energy Investments

Photo source: Wikipedia

As Hurricane Idalia barreled toward the Gulf of Mexico earlier this year, communities up and down the coast braced for the worst. While some of our communities are still recovering from 2020 storms, this season isn’t over, and the National Oceanic and Atmospheric Administration (NOAA) estimates the season to bring 12 to 17 storms.

Four years ago, Hurricane Laura swept through southwest Louisiana, resulting in more than $17.5 billion in damages. One year later, Hurricane Ida caused more than $64.5 billion in damages to our homes, businesses, and livelihoods in the Gulf Coast. Ida power outages in Louisiana approached 1 million, and some went without power for more than two weeks. In Lake Charles, residents and businesses still are recovering from these dangerous storms. 

Fortunately, energy operations were able to pick up and fuel local communities and economies, providing much-needed resources during times of need. The Louisiana Mid-Continent Oil and Gas Association estimates the energy industry provides $73 billion to our state’s GDP, and supports nearly 250,000 jobs. That’s upwards of $4.5 billion of direct state and local tax revenue that provides critical operating resources for local governments, especially during hurricane season.

The natural gas industry has played a key role in helping to rebuild our communities following devastating weather events. For example, after Hurricane Laura, natural gas companies pledged $1 million, in addition to volunteer time, to rebuild local communities and waterways. They also accelerated tax payments to state and local governments to help with recovery efforts. After Hurricane Ida, these companies coordinated with local food banks and charities to provide fuel and shelter in Greater New Orleans and Acadiana to support immediate needs. 

As we look ahead, we must recognize the importance of grid resiliency and community when these major weather events occur. Fortunately, the natural gas industry has stood with us to provide strength and resources in our time of need.

Charlie Melancon, former member of Congress and Louisiana Secretary of Wildlife and Fisheries, and the Spokesman for Louisiana Energy Export Partners (LEEP) Coalition.

Posted on December 11, 2023 and filed under Charlie Melancon, Oil and Gas.

Kennedy, Budget Committee Republicans urge Whitehouse to use hearings to address economic challenges

“We implore you to direct the Committee’s agenda to the impending budgetary and fiscal crisis facing our nation—issues at the heart of this committee’s jurisdiction. There’s no time to spare.”

WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Budget Committee, joined Sens. Chuck Grassley (R-Iowa) and Rick Scott (R-Fla.) in urging committee chairman Sen. Sheldon Whitehouse (D-R.I.) to hold hearings that address the nation’s economic challenges after two credit agencies, Moody’s Investors Service and Fitch Ratings, reported a negative outlook on U.S. creditworthiness.

A Penn Wharton Budget Model study also found that the window to take corrective fiscal action is closing rapidly and that, once it closes, no amount of tax increases or spending cuts could avoid a government default.

“Our current national debt is $33.7 trillion. This is equivalent to over 123 percent of U.S. Gross Domestic Product (GDP). Moreover, we continue to add to our unprecedented national debt at a record clip. The United States Treasury Department recently reported that the federal government ran a fiscal year 2023 deficit of $1.7 trillion. At 6.3 percent of GDP, the FY 2023 deficit was larger than all but six deficits recorded since 1946. Furthermore, the Congressional Budget Office (CBO) projects that over the next decade deficits will persist at levels previously uncommon outside of war or recession—totaling nearly $19 trillion in deficit spending through 2033,” wrote the senators.

“Under your chairmanship, the Senate Committee on the Budget has dedicated significant time and attention to climate issues, holding 12 separate hearings on climate change this year alone. We implore you to direct the Committee’s agenda to the impending budgetary and fiscal crisis facing our nation—issues at the heart of this committee’s jurisdiction. There’s no time to spare,” they continued.

“Tough conversations on our nation’s fiscal health need to be had to preserve our nation’s economic strength. If we want to be the global leader in the economic marketplace, then we need to lead from the front with strong fiscal responsibility,” the lawmakers concluded.

Sens. Mike Crapo (R-Idaho), Lindsey Graham (R-S.C.), Ron Johnson (R-Wis.), Mitt Romney (R-Utah), Roger Marshall (R-Kan.), Mike Braun (R-Ind.) and Mike Lee (R-Utah) also signed the letter.

The full letter is available here.

Posted on December 6, 2023 and filed under John Kennedy.

OPINION: Unwrapping a Potential Threat to Small Businesses and Consumers This Christmas

Creator: Joe Raedle | Credit: Photographer: Joe Raedle/Getty I

For many small businesses, the holiday season is an opportunity to increase revenue and reach a larger customer base. Up to 25% of a small business’ revenue comes from the holiday season. 

As for consumers, this means using a credit card. However, they could be much less likely to reach for one should the points and rewards systems offered cease to exist. 

For every credit card swipe, the retailer pays a "swipe fee" of 2-3%. The money goes to credit card companies and the banks that issue the cards to cover their processing and security costs.

Congress is considering the Credit Card Competition Act, a bill requiring dual-mandated networks for businesses to choose from. The intention is to reduce swipe-fee costs for businesses and consumers, but the reality isn't quite so. 

This act would increase the cost for credit card companies to fight fraud due to the exhaustive resources required by the dual-mandated networks– meaning that point rewards could be on the chopping block, even for big card companies like Visa and MasterCard.  This bill also requires that networks give away card security technology for free– eliminating all chances of security advancement in the near future.

The CEO of the Credit Union National Association, former congressman Jim Nussle, issued a statement earlier this year calling it "reprehensible that at a time when hard-working Americans are already feeling the financial pinch from inflation, big box bullies are pushing for financial breaks that would risk both the data security and access to credit for consumers and small business owners.”

While the legislation has bipartisan support in both the House and the Senate, this threat to your hard earned money could be coming by the end of the holiday season. Nearly 10,000 small businesses in Louisiana closed this year, and more could be on the way if this bill were to pass as it is written. 

If you are opposed to the Credit Card Competition Act of 2023, contact Senator Kennedy and tell him to oppose Durbin’s bill.

Alton Phillips
Monroe, LA

Posted on December 6, 2023 and filed under Economy.

Kennedy: Biden must show world U.S. stands with Israel

As you may have seen, Sen. Kennedy spoke on the Senate floor about the need for Pres. Biden to stand with Israel.

You don't need to read a treatise on the Middle East to know that only monsters—monsters with black hearts—would put a baby in an oven and flip on the switch, as one first responder reported. That's not nuance. That’s evil.

Posted on December 4, 2023 and filed under John Kennedy.