1:06pm: Former Penn State football coach Jerry Sandusky waived his right to a preliminary court hearing, which means his case goes straight to trial. We’ll get an update on those developments. 1:12pm: An economic historian says businesses and governments don’t drive growth and never have—consumer spending does. James Livingston has written about his controversial theory […]
A recent U.S. Supreme Court decision may not affect Kentucky laws, but it will affect voters. The court struck down an Arizona law that essentially gave publicly-funded candidates more money to match successful privately-funded opponents. Senate Minority Leader Mitch McConnell praised the ruling, saying the law punished successful candidates. University of Louisville Professor Sam Marcosson […]
Rural areas often see the effects of altered spending first. Of course, Louisville benefits from federal spending as well. Many previously-proud earmark earners say now is the time to end the process and close the deficit. Others, however, argue that in times of recession, a balanced budget should not be a high priority.
The Louisville Metro Council’s Government Accountability and Oversight committee is preparing to review an ordinance that increases transparency for city spending.
The slowing economy has been marked by a burst in the housing bubble and a drop in consumer spending, both of which could lead to a long-term change in American’s spending habits.