It’s a shame the blame game plays such a major role in the government response to economic recession.
Louisville Metro Council President Jim King appears to playing that game in response to a comment from U of L economist Dr. Paul Coombs, who said he didn’t see the recession coming:
“”Our council trusts Dr. Coomes, and the fact that he didn’t see the recession coming lends support to the administration’s position that they didn’t see it coming,” said Metro Council President Jim King, D-10th District.”
That failure is beside the point. Economic growth and tax revenues fluctuate. We don’t elect our representatives to predict the fluctuations, but to expect them to happen and to rein in spending when times are good.
Yet another argument for limited government.