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Members of Team VPSO join Denise Broussard as she receives her plaque for Rotary Club Public Servant of the Year Award. Joining the group is Rotary Club President John Suire (second from left).

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City Hall’s Sarah Alpough receives her plaque for the Rotary Club Public Servant of the Year Award. She is joined (L-R) by Rotary Club President John Suire, Abbeville Mayor Roslyn White and Rotary Club member Brady Broussard Jr.

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Rotary Club President John Suire, Abbeville Chief of Police Mike Hardy and Rotary Club member Brady Broussard Jr. (L-R) present the Abbeville Police Department’s Timothy Bourque with the Rotary Club Public Servant of the Year Award.

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Public Works Marie Butaud receives her plaque for the Rotary Club Public Servant of the Year Award. She is joined (L-R) by Rotary Club President John Suire, Abbeville Mayor Roslyn White and Rotary Club member Brady Broussard Jr.

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Dennis Mouton, of the Abbeville Fire Department, receives his plaque for the Rotary Club Public Servant of the Year Award. He is joined (L-R) by Fire Chief Jude Mire, Rotary Club President John Suire and Rotary Club member Brady Broussard Jr.

Rotary Club of Abbeville honors public servants

Thank you.
Those two words can mean so much, especially when said to a public servant.
On Wednesday, the Rotary Club of Abbeville said its annual thanks to public servants in the city with the Rotary Public Servant of the Year Award presentations.
“We appreciate everything you do for our community,” Rotary Club President John Suire told those in attendance. “This is one way we like to show our appreciation.”
Rotary Club members prepared and served meals to employees from the City of Abbeville, the Abbeville Fire Department, the Abbeville Police Department, and the Vermilion Parish Sheriff’s Office. Along with some good food, the club also presented awards to individuals from each entity.
This year’s honorees include:
• Abbeville City Hall - Sarah Alpough
• Abbeville Public Works - Marie Butaud
• Abbeville Fire Department - Dennis Mouton
• Abbeville Police Department - Sgt. Timothy Bourque
•Vermilion Parish Sheriff’s Office - Denise Broussard
Alpough, the city’s director of revenue, regulatory codes & permits, thanked the Rotarians for the recognition. Abbeville Mayor Roslyn White thanked Alpough for all that she does.
“We’re learning together,” White said. “This is my first year as mayor. We call it ‘beautiful chaos’, what goes on at city hall. She goes above and beyond to be proactive in improving her department. There isn’t a week that goes by that she doesn’t come to me with a new idea of how to make her department more efficient.”
There’s rarely a slow moment in Butaud’s department. She is the superintendent for the city’s water plant, one of the sections of the city affected most during the hard freeze late last year. Last week, the water plant dealt with a broken clarifier, with Butaud working to navigate the effects of that issue.
“When it’s one thing after another,” said Rotarian Brady Broussard, who serves on the Abbeville City Council, “this employee demonstrates her commitment to every citizen in Abbeville. We’re very proud to give his award to Marie Butaud.”
Butaud is proud of the award, acknowledging that it represents more than one person.
“I would like to thank everyone involved in the Rotary Club,” Butaud said. “I am a firm believer in teamwork makes the dream work. Without a very good team at the water plant and other departments in Abbeville, we wouldn’t be able to do what we do. I also want to thank (Public Works Director) Chris Gautreaux, Mayor White, and the City Council for always coming through for us.”
Fire Chief Jude Mire said that Mouton has continually come through for the Abbeville Fire Department.
“He is a great trainer and has the utmost respect for the fire department with the amount of time he puts into it,” Mire said. “He was also inducted by the Louisiana First Responder Christian Association into the Fire Service Hall of Fame this year. So I figured we’d put the cherry on top by giving him this award.”
Mouton shared his thanks.
“I would like to thank God for bringing us all here on this beautiful day,” Mouton said. “I would like to thank my parents, my grandmother, and Shift Three, that is on duty today. We have a great department. We have a great leader, and our assistant chiefs are great.”
Abbeville Chief of Police Mike Hardy said Bourque is a great asset to the police department. Bourque is a detective for the department.
“I’ve got a lot of people who deserve this award,” Hardy said, “but I have a guy who has stepped up. He does a lot of training for a lot of us.”
Denise Broussard has done a lot during her with the sheriff’s office, even if not everyone gets to see her work. Broussard is the dispatch supervisor for the sheriff’s office.
“When you are on the other end of the line,” Sheriff Mike Couvillon said, “and someone says someone is breaking into my house (or some other dire situation), this dispatcher has to be calm, cool, and collected. We are very fortunate that the dispatcher I am talking about has trained all our dispatchers since I took office in 2004. Team VPSO is very proud and thankful to recognize Denise Broussard as our Rotary Public Servant Award recipient.”
Broussard said it was a little different, albeit nice, to be front and center.
“I am honored by this,” she said. “As dispatchers, we are always behind the scenes, so thank you for this.”
Suire said saying thanks is what Wednesday was all about.
“The reason we do what we do,” Suire said, “is to recognize that you all do what you do.”

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Photo courtesy of Entergy
Entergy has purchased power from this solar facility in West Baton Rouge Parish.

Should farmland be used as solar panel sites?

BATON ROUGE--The House Agriculture Committee advanced a resolution to create a task force to study the impact of using farmland for solar energy developments.
House Concurrent Resolution 45, written by Rep. Phillip DeVillier, R-Eunice, stated that the Louisiana Solar Siting Task Force would “study the impact of, and alternatives to, locating solar energy developments on farmland.”
The discussion featured Rep. Danny McCormick, R-Oil City, expressing his concern that solar farms would destroy more jobs than they would create and that the task force would be filled by members with ties to the solar farming industry.
Rep. Vincent St. Blanc III, R-Franklin, responded that the task force’s job would be to protect farmers from making costly mistakes. He noted that many farmers' decisions to lease land for large installations of solar panels did not pan out.
The resolution is the latest action to try to control or limit where solar panels are located. Previous legislative measures sought to suspended tax incentives and other public financial support for certain utility-scale solar projects.
International energy experts say that the world is gradually reducing its use of oil and gas and shifting to greater use of renewable fuels like solar and wind power. To capture new jobs, other oil and gas states, like Texas and Oklahoma, have provided more incentives for alternative energy projects than Louisiana has.
But farmers in Louisiana say they cannot pay as much as big utility companies to lease land, and some local officials say there are few jobs at the solar farms after they are built.

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Wilmer James Dugas

October 10, 1937 - May 13, 2023

ERATH – A Mass of Christian Burial for Mr. Wilmer James Dugas, 85, will be held at 1 p.m. on Thursday, May 18, 2023 at Our Lady of Lourdes Catholic Church with Fr. Matthew Cormier officiating. Interment will follow at Our Lady of Lourdes Mausoleum.
Visitation will be at David Funeral Home of Erath on Wednesday, May 17, 2023 beginning at 4 p.m. until 8 p.m. with a recitation at 7 p.m. Visitation will resume on Thursday, May 18, 2023 beginning at 8 a.m. until the time of the services.
A native of Erath and longtime resident of Sulphur, Mr. Dugas died at 8:30 a.m. on Saturday, May 13, 2023 at The Carpenter House. He served his country in the National Guard and worked for over 42 years for Ford Motor Company having worked for Shetler Ford, Tarver Ford, and then retired from Mike Willis Ford. Mr. Wilmer joined the Knights of Columbus at the age of 19 and after becoming a member of Council 3015 he became a 4th-degree Knight and served as Grand Knight of the council. He then helped found Council 8978 where he also served as Grand Knight and received the State Deputy Award. He was a charter member of the Kiwanis Club, a member of The Order of Fleur de Lis and a member of the Lions Club. Mr. Wilmer also served on the West CAL Port Board; the Southland Airport Board; and in 1986 he was elected to Sulphur City Council District 1 where he served for 20 years.
He is survived by his wife of 61 years, Barbara Brown Dugas; a brother, Marc D. Dugas; a sister, Mona Dugas Nunez; a sister-in-law, Josie Brown Arceneaux; three nephews, Scott Nunez, Bobby Exley, and Troy Arceneaux; four nieces, Lisa Arceneaux Druzbik, Jennifer N. Vegas, Erica Dugas, and Angel Dugas; and numerous great nieces and nephews.
He was preceded in death by his parents, Dudley Marc Dugas and Yolande Boudreaux Dugas.
Serving as pallbearers will be Richard Dubois, Jr., Troy Arceneaux, Tyler Druzbik, Fred Dugas, Jr., Scott Nunez, and Bobby Exley.
David Funeral Home of Erath at 209 E. Putnam St. (337)927-0405 will be handling the arrangements.

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Louie Luke LeBlanc

October, 14, 1929 - May 13, 2023

Louie Luke LeBlanc, affectionately known as "Lou" to his family and friends, passed away in the morning hours of Saturday, May 13 just as the sun rose on another of God's glorious days. At his passing he was 93.
Lou was born October 14, 1929 in the rural Vermilion Parish community of Bayou Tigre to the late Delino LeBlanc and the late Jeilles Saunier LeBlanc, the eldest of three children born to that union. He was raised in a family steeped in Cajun heritage and taught the value of honest work and taking advantage of all that nature had to offer.
He proudly served his country as a soldier with the United States Army, and when he was discharged, he began a career in the oil and gas industry. He spent 26 years as an engineer with Odeco working offshore, and after his retirement began working with the Bayou Tigre Drainage District as a Dragline operator.
Of course, being that he was raised in cajun country, he had a love of the outdoors and spent as little time indoors as possible. In his family's eyes, he was a workaholic tending to his garden, maintaining his property and working in his shop fixing things, but in reality, Lou was in his glory. It didn't matter if he was fishing or trimming trees, just as long as he could be outside. He did relax on occasion and those times were spent on his patio overlooking his property. They also shared a laugh about Lou telling them he was "going work on his computer", which really meant he was going take a nap.
Above all, it can easily be said that his greatest love was that of his family. This man, who was a giant to some, was truly a gentle and loving man who dedicated his life to his bride of 63 years and the family they made. Many memories were made sitting on his patio that will remain in the hearts of the family he held so dear to his heart. His legacy will certainly live on and his spirit will remain with us forever. We rejoice in knowing that he is not gone, only gone on before us. Until we meet again. We love you.
Those left to cherish his memory are his wife and best friend of 63 years, Dolores Campbell LeBlanc; his children, Dale LeBlanc (Judy) and Jenny LeBlanc (Brian Rush); his grandchildren, Zachary LeBlanc (Kristen) and Kiley LeBlanc; his great grandchildren, Kinley and Kayden LeBlanc; and his twin siblings, Mona Hanes and Morris "Boy" LeBlanc (Myrtle).
Along with his parents, Lou was preceded in death by his brother in law, Arthur Hanes, Jr.
A Mass of Christian Burial celebrating Lou's life was held at 10 a.m. on Tuesday, May 16, 2023 at Our Lady of the Lake Catholic Church with Fr. Buddy Breaux as celebrant. Following the mass, he was laid to rest in Our Lady of the Lake Mausoleum.
A gathering of family and friends was held at Evangeline Funeral Home of Delcambre on Monday from 4 p.m. until 8 p.m., with the Rosary being prayed at 6 p.m. Visiting hours will resumed on Tuesday from 8 a.m. until 9:30 a.m.
Those honored to serve as pallbearers are Zachary LeBlanc, Brian Rush, Randy Campbell, Albert Wehbe, Kiley LeBlanc and Liz Hanes. Dale LeBlanc will serve as honorary pallbearer.
The family would like to extend the sincerest gratitude to Liz Hanes and Brian Rush, for their undying love and compassion while caring for Lou and our family. You are both loved and greatly appreciated.
Relatives and friends are encouraged to share their condolences and memories with the family by visiting Lou's memorial page at www.evangelinedelcambre.com
Evangeline Funeral Home of Delcambre is in charge of arrangements.Evangeline Funeral Home of Delcambre is in charge of arrangements

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Chris Landry / The Abbeville Meridional
Delcambre Police Capt. Perry Shaw presents the monthly police report to the town’s Board of Aldermen at their meeting on Monday.

Delcambre to enter into agreement with school board over land for future city park

DELCAMBRE — Delcambre Mayor Pam Blakely attended the recent Iberia Parish School Board meeting and came back with an agreement for the town’s planned park property on the corner of Main and Pelloat streets, she told the Board of Aldermen at its monthly meeting on Monday.
The board then voted to authorize the mayor to enter into an agreement for the property. The cooperative endeavor agreement for development of the property requires that the town send all plan specifications to the school board for approval prior to construction, town attorney Gabe Duhon said.
Later in the meeting, Delcambre Police Capt. Perry Shaw told the board that the monthly crime report shows the number of calls and arrests in the town remains relatively high, averaging a little more than two calls and/or arrests per day, he said in response to a question from Alderman Bryan Glatter.
“We’re doing our best,” Shaw said. “We are incarcerating them. We have one officer per shift. And we do get help from Erath. But it is going up, those numbers. Every month those numbers are rising.”
A lot of the calls are domestic disturbances, and a few dealing with homeless people.
“Those numbers are on the rise,” Shaw said. “I see this summer we’re going to maybe almost double that, because it’s summertime. We’ve got a lot of work ahead of us.”
There were 17 alarm calls, but around half were at Delcambre High School, and the school has contacted the alarm company to address that situation, Shaw said.
The board also heard from Twin Parish Port Commission Director Wendell Verret on the status of the planned Dwight’s Restaurant at Bayou Carlin Cove.
Soil tests were conducted to ensure that the location will be able to hold the weight of the proposed building, which will lead to a change in building plans for the restaurant, Verret said.
The plans were for the property to be elevated four to six feet.
“Those reports came back and we will not be able to use fill to build the restaurant, we’ll have to use pilings,” Verret said. “The cost will be about roughly the same, maybe a little bit more on the building for the flooring. So we’re going back to Dwight’s and their architect and work with them and flush out the details of changing the plan to going to pilings. It doesn’t look like we’re going to be able to go to bid this month, so hopefully next month.”
The building would have settled too much if soil fill had been used, Verret said.
“I feel it will be a stronger structure on piles,” he said. “But it’s a good thing we did that. If we had gone and built on fill, it would sink three to four inches. That’s just not acceptable for a building.”
In other business, the board approved a resolution to hold a special election on Oct. 14 to levy 1 percent sales tax to fund emergency(police and fire) services.
The board also addressed seven more houses to be torn down or cleaned up.

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Jim Bradshaw

Picks and shovels, then bats and balls

Organized Little League baseball was still far in the future when the Crowley Rotary Club decided in the spring of 1923 to set up a four-team league for any boy between the ages of 12 and 16 “whether he be a star or whether or not he feels that he is a good player.”
Several other south Louisiana communities had youth teams that year, but a team made up of Crowley’s best players was too good for most of them.
The Rotary Baseball Association planned a schedule of two games a week, “giving enough games to sustain the interest of the boys, with not too many to tire them out.” Each member of the Rotary Club put up $5 to pay for “the necessary equipment and the expense of preparing the grounds for games.”
About 60 boys turned out for the first meeting and most of them remained interested even after Rotary president L.A. Williams told them that before playing a game they would have to turn out “armed with picks, shovels, hoes, and other paraphernalia” to create a diamond on land provided by Mr. and Mrs. P. J. Chappuis near the municipal power plant.
That number swelled to 100 after the Rotarians decided to put the diamond on the North Crowley School grounds rather than the Chappuis property because much less work was needed to get a field in shape.
The boys were grouped into four teams, each reflecting Crowley’s primary business — the Rice-O-Las, the Rice Warehousemen, the Rice Millers, and the Rice Brokers. They played a regular schedule among themselves, but “a picked team” with players from each of them also played teams from other towns.
They beat a team from Roberts Cove in mid-June, and kept on winning. By mid-August their streak stood at six wins and no losses.
The Crowley Signal said good pitching had a lot to do with that, but that Rotarian Larry Martin, who was manager, “no doubt [had] one of the fastest boys’ teams in this part of the country,” and that “it is hard for a hitter to get one past the stone wall infield.”
I don’t find a final tally for the season, but by September 1 the “Rotary Boys” had also beaten teams from Prairie Hayes, Lafayette and Jennings.
It’s not clear whether the Rotarians continued to sponsor the four-team league, but they did organize the “hand-picked” team for the next several years, albeit with not the same sterling results.
In 1925, the team was challenged to a charity match by the Abbeville Farmers, who “declared they would play on [the Crowley] diamond, provided that the proceeds were turned over to the Louisiana Children’s Society.”
Five hundred people paid to watch Crowley win 1-0 in a ten-inning pitchers’ duel. According to the Signal, it was the third consecutive time that they had been forced to play extra innings. They won each of those games, but had some other tough outings on the schedule.
Several weeks later the Signal reported that “Crowley’s railway baseball team romped unmercifully through the Rotary nine in a game played in the Old Spanish Trail park.”
You can contact Jim Bradshaw at jimbradshaw4321@gmail.com or P.O. Box 1121, Washington LA 70589.

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Bryan Golden

Slow Down

Your day is hectic. Everything is rushed. You are constantly jumping from one crisis to another. It seems as if there just isn’t enough time for all that has to get done. At the end of each day you feel drained. You don’t feel fully rested in the morning because you are stressing about the day ahead.
Even the weekends don’t offer much relief. Friday night you are exhausted. Saturday is spent running errands. On Sunday you start to anticipate Monday when the cycles start again. Consequently, your stress level starts to escalate before your new week begins.
Life is in high gear. There isn’t enough time in a day to accomplish all you need to. This thrusts you into crisis mode where you rush from one task to another. You may snap at those around you while your level of patience drops. As you fall farther behind, your frustration grows.
Feeling overwhelmed contributes to mental fatigue which causes physical fatigue. When you feel burned out, everything is magnified. Small issues, that would normally be of no concern, get blown out of proportion.
Life in the fast lane is a recipe for burnout. It puts you on a treadmill that goes just a little faster than you are able to keep up with. Although you are busy all the time, you don’t feel satisfied. Just when you are at a breaking point, some new crisis pops up that demands your attention.
What’s the solution? Slow down. Prioritize. Many situations viewed as urgent are only emergencies because of the way you treat them. When you get stressed out, your nerves become frayed causing you to hop around without any specific strategy. The more frantic you become, the more you are susceptible to stress.
There is much less urgency than you realize. Many of the situations you face each week will not lead to disastrous consequences if they are not immediately addressed. Your objective is to recognize that the world will not stop turning if you choose to put some tasks on the back burner.
Say no to non-priority activities you don’t want to do. It is ok to decline social invitations or to turn down requests to volunteer your time. You are not in competition with nor do you have to impress anyone. Your schedule should not be based on what someone else does.
Downtime can eat into your day. With a little forethought, commonly wasted time can be transformed into productive time. For example, while you are waiting for an appointment, you can make or return phone calls or catch up on some reading. You can listen to books on tape when you are in your car.
Don’t be a martyr. Taking time for yourself should be a priority. Engage in a variety of mental and physical activities. Have fun doing things you enjoy. You will be much more productive and efficient when you are rested with a clear mind.
Be productive. There is a big difference between activity and productivity. That is why some people accomplish much more than others. When you are active, you expend a lot of energy without any measurable results. Productivity entails measurable accomplishments.
Imagine your car being stuck in the mud. If you held the gas pedal all the way down, the engine would race causing the wheels to spin. Although there would be a lot of activity, you wouldn’t get anywhere. The more productive you are, the more satisfied you will be.
Slow down. Most things are not a crisis. Take time to enjoy life. Spend time with family and friends. Take breaks and have some fun.

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Jeff Crouere

Congress must not restrict First Amendment rights

The First Amendment is the essential foundation for our nation’s greatness, guaranteeing Americans our precious freedoms that are denied in so many countries. Thus, it is disturbing to behold a bi-partisan group of politicians advocating a big government attempt to restrict the First Amendment in a disastrous piece of legislation called the RESTRICT ACT.
The goal of this legislation is to mitigate threats posed by technology, such as TikTok, developed in foreign countries. The bill gives vast new powers to the Secretary of Commerce to “probe and prohibit certain transactions between the United States and foreign adversaries concerning information and communications technology.”
Unfortunately, in exchange for this “safety,” Americans would be unleashing a massive expansion of the federal government and another intrusion into our free speech rights. Information from American users would become more accessible to the federal government and private citizens could face grave consequences for using “banned” apps.
The penalties would extend to $250,000 for civil infractions and $1 million for criminal violations and a possible sentence of 20 years in prison. At a minimum, the act would limit choices for American users and stifle innovation in the technology industry.
The Biden administration fully supports the legislation, which, according to National Security Advisor Jake Sullivan, would “empower the United States government,” which already has too much power. According to U.S. Senator J.D. Vance (R-OH), the legislation is “a PATRIOT ACT for the digital age.” The PATRIOT ACT was passed after the 9/11 terrorist attacks and enabled the federal government to expand its surveillance capabilities. These powers should be curtailed, not expanded by another misguided bill.
Not only is the RESTRICT ACT an attack on our First Amendment rights, but so is any attempt to ban Americans from using apps, such as TikTok, according to Professor Eric Goldman of the Santa Clara University School of Law. He views the effort as “a flat-out invasion of our free speech rights,” “corrupt” and undermines “our moral authority by trying to invoke censorship.”
U.S. Senator Rand Paul (R-KY) shares the belief that a ban is counterproductive. On the Senate floor, he said, “I hope saner minds will reflect on which is more dangerous: videos of teenagers dancing, or the precedent of the US government banning speech.”
It would also be a tremendous blow to small businesses in Louisiana, which have faced some of their toughest challenges in recent years. From pandemic lockdowns to sky-high inflation to a worker shortage, small business owners have had to overcome plenty of hurdles to stay alive.
In the wake of these challenges, many small businesses turned to TikTok to help grow their customer base and increase sales. The last thing these small businesses need from Congress is a heavy-handed government ban that will negatively impact job creators who have come to rely on the platform.
Supporters of the ban claim that it will address national security concerns and that TikTok could be used as a surveillance tool by the Chinese government. However, all data for U.S. users is stored on servers in our country. More importantly, these politicians fail to recognize that TikTok has become a critical resource and marketing tool for American small business owners and that banning an app used by 150 million Americans infringes on our freedoms.
In Louisiana, thousands of content creators, including small businesses, have come to rely on TikTok to grow their customer base. For many of these users, TikTok is their only income source. In addition, countless Louisiana artists, musicians, and filmmakers depend on the platform for promotion.
It is also worth noting that banning a platform utilized and enjoyed by many Americans goes against our core freedoms and values. If politicians ban TikTok today, which app is next? A free and fair internet is critical to who we are, and prohibiting an app that promotes free speech goes against those principles.
Louisiana small business owners have learned to innovate and succeed over the last few years. We should not let D.C. politicians take away our hard-fought victories or our freedoms. A TikTok ban is the wrong policy, and our elected officials, such as our Republican U.S. Senators John Kennedy and Bill Cassidy, should think about who it would hurt the most, our state’s small businesses.
The Trump administration tried to ban TikTok, but it was struck down by a U.S. District Judge who ruled it was “arbitrary and capricious.” While a more targeted ban on devices used by government officials, on the state or federal level, is legally defensible, a comprehensive prohibition for every American is a totally different matter. It is an assault on our free expression and free speech rights.
If Congress wants to act, a much better approach would be legislation to protect consumer data privacy across all online platforms. This would prohibit technology companies from over-collecting or misusing the data of American consumers. This approach is more focused and makes more sense.

Jeff Crouere is a native New Orleanian and is a political columnist, the author of America’s Last Chance and provides regular commentaries on the Jeff Crouere YouTube channel and on Crouere.net. For more information, email him at jcrouere@gmail.com

With inflation still elevated, thanks to rampant government spending, so will interest rates as the debt spirals to $50 trillion by 2033

Consumer inflation remained elevated in April, coming in at 4.9 percent over the past 12 months, according to the latest data published by the Bureau of Labor Statistics, in part due to a cut in oil production by OPEC+ globally that pushed gasoline prices higher, which increased 2.7 percent last month.
The news comes after the Federal Reserve moved to increase the Federal Funds Rate to 5 percent to 5.25 percent on May 3, showing that the worst of the inflation may not be past us just yet, even as we are past the June 2022 peak of 9.1 percent annualized after printing, spending and borrowing more than $6 trillion for Covid, which came at a time economic lockdowns and production halts.
It was too much money chasing too few goods, sending prices spiraling—along with interest rates in a bid to calm the inflation.
Thanks to massive government spending — publicly traded debt will increase by $1.66 trillion in 2023 and $1.87 trillion in 2024 to $27.8 trillion, and when the Social Security, Medicare and other trust funds are added to the mix, the total debt will rise $34.8 trillion in 2024 — the too much money aspect of the equation will continue mounting over the next decade as the total debt rises to $50.7 trillion by 2033, according to the White House Office of Management and Budget.
Unfortunately, one of the now apparent side effects of such massive deficits is the increasing burden it places on U.S. financial institutions, retirement funds, hedge funds, mutual funds and so forth to continue accumulating U.S. treasuries, whose share of the publicly traded debt has risen from about 17 percent in 2008, or $1.7 trillion, to a massive $11.9 trillion, or 38 percent today — the largest single holder of the debt.
And as the Social Security and Medicare trust funds, which hold $6.7 trillion, become exhausted over the next decade or so, more and more of that debt will be falling upon the public to accumulate. Foreign central banks and financial institutions, which hold $7.4 trillion, cannot keep up with it. And when the Fed tries to keep up with it, as during Covid, the result is inflation. The central bank now holds $5.2 trillion.
That leaves U.S. banks and investors via their fiduciaries (which are banks) to continue accumulating what is turning out to be something of a major risk to their solvency when interest rates don’t behave.
The next decade alone, net interest owed on the debt is set to rise from $665 billion a year to nearly $1.4 trillion a year by 2033. It’s enough to make your eyes bleed.
During recessions, the Fed tends to cut interest rates in a bid to boost liquidity and ease lending conditions, to foster conditions for lowering the unemployment rate. But when there’s inflation, the Fed has to hike interest rates to fight it, thereby reducing the value of the bonds the Treasury was selling at much lower interest rates. In this cycle alone, it has resulted in the failures of First Republic Bank, Silicon Valley Bank and Signature Bank, the second, third and fourth largest bank failures in American history.
The Federal Reserve’s new Bank Term Funding Program — “renting” treasuries from banks at 100 pennies on the dollar — has risen from $11 billion in March to more than $75 billion today, and the worst could be yet to come, as banks are said to be sitting on some $600 billion of unrealized losses due to rising interest rates resulting in underwater securities.
As for the production shortfalls, those might not get much better, with U.S. oil companies going green in a bid to reduce carbon emissions, with crude oil production still below that of pre-Covid levels of 13 million barrels a day. In Feb. 2023 it stood at 12.48 million barrels a day, according to the U.S. Energy Information Administration, despite the high prices we were experiencing in 2022 particularly after Russia invaded Ukraine, further exacerbating supply chain issues in the global economy.
So, if we keep spending too much money—and printing it—and not producing enough goods, that means inflation could be quite sticky over the foreseeable future. That is, until the economy truly overheats, causing a recession and a drop in demand, sending prices crashing as unemployment rises. Then the Fed will cut interest rates, the budget deficit will balloon thanks to less revenue and the debt cycle will continue anew as banks continue accumulating vast hordes of useless treasuries, further diverting resources from boosting production. What’s not to love?

Robert Romano is the Vice President of Public Policy at Americans for Limited Government Foundation.

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Jim Brown

Legislators gotta have a pay raise!

In case you missed the news bulletin, a number of legislators in Baton Rouge say they just have to have a big pay raise to survive. The initial proposal was for legislators to see a pay bump from the current $16,800 to $60,000. But it could be a big election issue. “Some people, if they vote for this, it could cost them an election,” said Rep Barry Ivey.”
Let me say right up front that I think current legislators ought to have a raise. But we need to put their total compensation into perspective. Besides the direct income of $16,800, legislators also receive $168 a day every time they come to Baton Rouge to do business. There’s also a mileage allowance to and from Baton Rouge. Then a full-time staff assistant paid for in their district office along with expenses for that office including a nationwide telephone watts line. So the total income is not particularly high, but the fact remains that the pay received is significantly above $16,800 a year.
Let me make a comparison as to how much things have changed. I was elected to the Louisiana state senate and took office in 1970. I was a sole partitioning country lawyer in Ferriday and struggled to make a living. My senate district had been reapportioned in the previous legislative session, and the new district covered six parishes across northeast Louisiana. It took me three hours to drive from one end of my district to the other. Several times a week, I drove to various meetings with police jurors, school boards or various civic organizations. And I received no mileage or any other allowance for this trip.
In Metropolitan areas, there were then, and now, a number of legislators who represent just one parish. They could attend a district meeting and still be home for the 10:00 news, where I often did not return home until after midnight.
Here is my total compensation that I received for representing these six parishes. A total of six hundred dollars. That was it. No other compensation of any kind. There was no per diem for coming to the state capitol, no mileage reimbursement, no office allowance, no legislative aide, no telephone reimbursement, nothing else. Every phone call in my district, outside of my hometown of Ferriday, was a long-distance call. I was paid no reimbursement for any of these calls. So I received a total compensation of six hundred dollars. And my average telephone bill was nine hundred dollars.
Of course there were no cell phones back then. I paid the local motel in Ferriday to answer my telephone when I was at the capital on traveling throughout my six parishes. If my phone did not answer after six rings, the night operator of the motel would answer and say I was not available. I would often stop by a local sheriff’s office on the long drive back to Ferriday from a legislative meeting. The sheriff’s office was always open around the clock, so it was a good place to get a hot cup of coffee to get me home as well as to call and check on my messages.
When the legislature was in session, there were no telephones in the Senate at our desk. There was one telephone booth that all 39 senators had to use. I was receiving 215 to 20 calls a day on average, and often stood in line for a good while waiting for my turn to use the telephone in the enclosed booth.
That was then. I do not begrudge legislators today wanting to receive adequate compensation for carrying on the state’s business, both at the state capital as well as in their district. They need to be reimbursed more than the current amount. But they ought to count their blessings that they are not serving back in the days when I was in the legislature. It was a great deal worse back then. No one knows that better than me.

Peace and Justice
Jim Brown

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