Tuesday, 1 September 2015
Not for profit..................from Rico
It was hilarious to read about Illinois having to pay lottery winners with IOU's. This is despite taking IN more money than they ever pay OUT. Much more money. [Lotteries are guaranteed profitable by their structure.]
- When the mob ran the numbers racket, the payoff odds were much better and they NEVER failed to payoff on a winning bet.
Only government could FUBAR the numbers racket...and Illinois is THE poster child for governmental FUBAR.
Then I stopped laughing, and recalled that the government couldn't run a brothel, either.
When the Mustang Ranch (the most profitable brothel in Nevada) was taken over on a federal tax beef, it went bankrupt after a year of government ownership. [Brothels are guaranteed ALWAYS profitable.]
Have you perhaps been 'hearing' about Social Security and Medicare being in danger of going broke?
- The government runs them, too.
The same people who have run the US economy into a ditch, now also 'run' GM and ObamaCare too.
Anyone see a pattern here? Anyone? Bueller?
Channeling my inner Lewis Black: "You have GOT to be sh*tting me!"
From Theo Spark at 17:42
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