California is Hosed, Exhibit #42835
by rrusczyk, May 18, 2009, 7:39 PM
The Lottery Modernization Act. I'm paraphrasing, but not by much, when I say that the sales pitch for this bill is "The state will increase payouts, increase advertisement, and get more efficient in running the lottery, so the lottery will make so much more money off the lottery that it can borrow 5 billion dollars of that future profit now. And if that doesn't work, we'll borrow even more of the future profit to patch up any budget gaps this plan causes."
If that argument seems rational to you, then your career choice is clear: you should become a California state legislator.
If that argument doesn't seem rational to you, then congratulations, you have proved that you can read.
If that argument sounds a lot like the rationalization that people used for taking out a subprime mortgage, then congratulations, you understand what's being proposed.
If that argument seems rational to you, then your career choice is clear: you should become a California state legislator.
If that argument doesn't seem rational to you, then congratulations, you have proved that you can read.
If that argument sounds a lot like the rationalization that people used for taking out a subprime mortgage, then congratulations, you understand what's being proposed.
February 2012
January 2012