States to Prey on Poor

Nothing new there....

"More hard-pressed states take a chance on gambling; Slots, casinos gain support of legislators" by Greg Bluestein, Associated Press | January 26, 2009

What, you think they are going to get it from the wealthy they serve?

ATLANTA - In a sign that America's chips are down, states are increasingly turning to gambling to plug budget holes. Plans to allow or expand slots or casinos are percolating in at least 14 states, tempting legislators and governors at a time when many must decide between cutting services and raising taxes.

Gambling has hard-core detractors in every state, but when the budget-balancing alternatives lawmakers must consider include reducing education funding or lifting sales taxes, resistance is easier to overcome, political analysts said. While gambling has not been immune from the recession, it has held up relatively well compared with states' other revenue sources, such as income and sales taxes. This helps explain why past expansions of the gambling industry have been preceded by economic downturns, analysts said....

Related: Las Vegas Rolls Crap

The Lying Looter at the State Lottery

State Scratches Lottery Ticket... and Loses

Don't Gamble on Massachusetts

Analysts say the latest round of gambling initiatives are large and ambitious, a sign that the industry aims to capitalize on states' economic turmoil....

I'm SO GLAD that someone can PROFIT of our SUFFERING!

In Massachusetts, proposals to allow casinos and racetrack slot machines have been resubmitted to the Legislature after being rejected last year. A tribal casino proposed for Middleborough would be exempt from state and local regulation under a plan under review by the US Interior Department.

Even Hawaii, which along with Utah is one of two states without a lottery or other form of legalized gambling, may consider a change. Aides to Governor Linda Lingle, long an opponent of gambling, say she is open to discussing it as a way to close the state's growing budget gap.

Nationwide, gambling is a $54 billion annual industry that employs more than 350,000 people. Most state gambling revenues come from lotteries, racetracks, and betting devices such as slot and poker machines. Twelve states reap tax money from full-fledged casinos, and 23 others have casinos on tribal reservations, which generally do not pay taxes to states.

While advocates say casinos help attract jobs and revitalize downtrodden areas, opponents say they attract crime, foster gambling addictions, and have a disproportionately negative effect on lower-income people.

Seeing as the paper didn't mention the PROBLEMS (as well as the immorality), one can only assume they SUPPORT CASINOS!

And WHY NOT?

It's JEWS like "Sheldon Adelson, chief executive of Las Vegas Sands and the world's third richest man" and Sol Kerzner that PROFIT off GAMBLING (once again, ZIONIST INTERESTS driving IMMORALITY)!!!!

--more--"

For the LAST TIME, readers:

"flushing . . . millions of dollars away supporting a highly profitable industry" when it comes to $300 million in taxpayer dollars for Hollywood is o.k., even as the price of a school lunch rises; paying $13 million for a computer software system that could have cost less than $3 million is all right because the winner was a close friend of the House speaker, even as my poorer-than-dirt district "has been struggling to close a $2 million budget gap."; the lottery shelling out "millions of dollars" for sports tickets for "lottery officials, their family members, and friends" is fine, even as schools are closing; making interest payments to banks to the tune of "a staggering $22 billion" for the Big Pit, as we call it around here, is required, even as bridges are neglected across the state; and again, paying off banks like UBS, who can "demand repayment of an additional $2 million a month beginning in January" while also receiving a "$179 million payment," while the state pension fund loses $1 billion dollars -- which still didn't stop the executive director from carving himself a nice "$64,000 bonus on top of his $322,000 annual salary."

Yup, the BILLION DOLLAR GIVEAWAY to the pharmaceutical corporations was a GOOD THING, even though "it's never been easy to turn a profit in biotech?" Flush that money away, too, taxpayer.

And look whose backs they are balancing the budget with: the blind, mentally ill, kids, and cripples!!

Of course, "one of the governor's pet projects, the $3 million Commonwealth Corporation, is only taking a 5 percent trim."

And that is not counting the troubles at the Turnpike!

"The authority was attempting to renegotiate terms of a complex financial deal with the banking giant UBS. Known as a swaption, the arrangement could force the authority to pay out a $450 million lump sum"

Of course, the war looters were next in line for a handout. And should the state be appropriating money for a "multimillion-dollar reconstruction" of golf courses?

Nor is it RECKLESS to BORROW the STATE INTO OBLIVION so they can PAY INTEREST to BANKS while SITTING ON $2 BILLION DOLLARS!

And did I forget about PAYING FOR the CORPORATE TV COMMERCIALS or the outlays for illegal immigrants?

Need one final insult, Mass. taxpayers?

"Town officials... are trying to decide how much of a property tax break to offer and how they can secure state funding for infrastructure improvements.... although it could take several years for the studio to realize its potential"

Also see: Hollywood, Massachusetts

Hollywood (East) Disses Veterans

More Mass. $$$ to Movie Makers

The Money Pipeline From Massachusetts to Israel

Sorry, that wasn't it:

"$5m in tax breaks going to IBM for Littleton project

The Massachusetts Economic Assistance Coordinating Council approved $5 million in state and local tax breaks for IBM Corp., which recently began a $63 million expansion in Littleton. IBM vice president Bob McDonald said the company plans to create 42 jobs at the site over the next decade. McDonald said the computer giant, based in Armonk, N.Y., has already begun renovating a building and hopes to move into it next month. McDonald said the tax incentives were important, but the company would have gone forward with the expansion without them. IBM has 4,000 employees in Massachusetts, including about 2,000 in Littleton (Boston Globe October 30 2008)."

Excuse me?

A $5 MILLION TAXPAYER GIVEAWAY that IBM DIDN'T EVEN WANT?

But we need casinos to fix the problems?