Treasurer: State's way of spending cause of budget crisis - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Treasurer: State's way of spending cause of budget crisis

John Kennedy (Source: WAFB) John Kennedy (Source: WAFB)
BATON ROUGE, LA (WAFB) -

The "way the state is spending money" is why State Treasurer John Kennedy says Louisiana has a budget crisis.

He was the guest speaker at Monday's Press Club meeting.

Kennedy said over the past 10 years, the amount Louisiana gets to spend has increased by nearly $10 billion so getting money is not the problem. Instead, he blames the way all the money is spent and there isn't enough oversight including on things like state contracts, Medicaid and even politicians getting what they "want."

"We have too many people at the top. Undeserving people getting bailouts and special treatment. And we've got too many undeserving people at the bottom getting handouts, and the rest of us in the middle get the bill," said Kennedy.

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