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Kennedy Campaign Launches First TV Ad: "Brown Bag"

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Location: Baton Rouge, LA


Kennedy Campaign Launches First TV Ad: "Brown Bag"

Highlights Strong Record Of Fiscal Responsibility And Results

The Kennedy For U.S. Senate campaign will launch its first statewide television ad tomorrow. The ad, entitled "Brown Bag," highlights John Kennedy's strong conservative record of fiscal responsibility and results for Louisiana taxpayers.

As State Treasurer, John Kennedy's prudent management of the state's money has earned Louisiana taxpayers over $1.4 billion and saved taxpayers over $415 million. As a longtime advocate against wasteful earmarks, John Kennedy challenged legislators to reform Louisiana's broken system.

SCRIPT:

Announcer:While some politicians spend money like it's going out of style, one leader is so tight, he squeaks. His wise investments earned Louisiana taxpayers $1.4 billion.

His frugal debt management saved 415 million more. And he fought the legislature to stop wasteful earmarks.

John Kennedy. Brown Bag Cheap.

John Kennedy:Cheap? Maybe we could use a little of that in Washington. I'm John Kennedy. I'm running for the United States Senate and I approved this message.

AD FACTS:

Announcer: "His Wise Investments Earned Louisiana Taxpayers $1.4 Billion."

Fiscal Year 2007: $473.6 Million

LA Department Of Treasury FY 2007 Annual Report: "Earning $473.6 million on the state's investments including over $238.2 million for the Treasury Portfolios/General Fund." ("Fiscal Year 2007 Annual Report," Louisiana Department Of The Treasury, 2007, Link)

Fiscal Year 2006: $315.8 Million

LA Department Of Treasury FY 2006 Annual Report: "Earning nearly $315.8 million on the state's investments including over $125.9 million for the Treasury Portfolios/General Fund." ("Fiscal Year 2006 Annual Report," Louisiana Department Of The Treasury, 2006, Link)

Fiscal Year 2005: $227 Million

LA Department Of Treasury FY 2005 Annual Report: "Earning nearly $227 million on the state's investments including over $90.2 million for the Treasury Portfolios/General Fund." ("Fiscal Year 2005 Annual Report," Louisiana Department Of The Treasury, 2005, Link)

Fiscal Year 2004: $225.9 Million

LA Department Of Treasury FY 2004 Annual Report: "Generating $225.9 million in investment income for the state including $139.9 million for the state's major trust funds and $85.9 million for the General Fund." ("Fiscal Year 2004 Annual Report," Louisiana Department Of The Treasury, 2004, Link)

Fiscal Year 2003: $244 Million

LA Department Of Treasury FY 2003 Annual Report: "Treasury managed over 313 statutory and constitutionally created funds in 32 separate investment portfolios earning $244.1 million in FY 2003." ("Fiscal Year 2003 Annual Report," Louisiana Department Of The Treasury, 2003, Link)

Announcer: "His Frugal Debt Management Saved 415 Million More."

Fiscal Year 2007: $30 Million

LA Department Of Treasury FY 2007 Annual Report: "Refinancing debt statewide for a savings to taxpayers of $30 million." ("Fiscal Year 2007 Annual Report," Louisiana Department Of The Treasury, 2007, Link)

Fiscal Year 2006: $137 Million

LA Department Of Treasury FY 2006 Annual Report: "Refinancing debt statewide for a savings to taxpayers of more than $137 million." ("Fiscal Year 2006 Annual Report," Louisiana Department Of The Treasury, 2006, Link)

Fiscal Year 2005: $120 Million

LA Department Of Treasury FY 2005 Annual Report: "Savings from refinancings totaled over $120 million dollars." ("Fiscal Year 2005 Annual Report," Louisiana Department Of The Treasury, 2005, Link)

Fiscal Year 2003: $128 Million

LA Department Of Treasury FY 2003 Annual Report: "Approving (as chair of the State Bond Commission) over 220 bond issues (including re-financings), the proceeds of which were used to build and improve infrastructure, create thousands of Louisiana jobs, provide affordable education, and save over $128 million for taxpayers." ("Fiscal Year 2003 Annual Report," Louisiana Department Of The Treasury, 2003, Link)

Announcer: "And He Fought The Legislature To Stop Wasteful Earmarks."

John Kennedy Stood Up Against Wasteful Earmarks.

John Kennedy: "The legislature appropriates at least $30 million a year on earmarks, and possibly more, because they are spread throughout the budget. That money could be better spent elsewhere like roads, schools, coastal restoration and work-force training." (Mike Hasten, "Session Will Sift Torrent Of Issues," The [Monroe, LA] News-Star, 3/31/08)

WWL-TV: "He [Kennedy] does hope, though, that the money will go to worthy organizations. ‘Most of these projects are not things Louisiana needs. They are things some politicians want to help them with their politics,' said Treasurer Kennedy." ("Bill Moves Forward In La. Legislature To Kill Pet Projects," WWL-TV, 5/31/08)


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