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(Philly.com)   Pennsylvania governor has rethought his plans to sell the lottery to the English and will instead sell the lottery to the English   ( philly.com) divider line
    More: Followup, Pennsylvania governor, Pennsylvania, English, Pennsylvania Lottery, Camelot  
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1560 clicks; posted to Politics » on 16 Mar 2013 at 1:58 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



29 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-03-16 11:07:55 AM  
encrypted-tbn1.gstatic.comView Full Size
 
2013-03-16 12:33:01 PM  
Well the British lottery is tax free for winners. Maybe they could do that?

/Not holding my breath.
//Probably not going to win either.
 
2013-03-16 12:39:09 PM  

Flint Ironstag: Well the British lottery is tax free for winners. Maybe they could do that?

/Not holding my breath.
//Probably not going to win either.


We actually already do that.  PA lottery winnings are exempt from PA income tax.  The feds get their share but there isn't much we can do about that in Pennsyltucky.
 
2013-03-16 12:39:49 PM  
Oh, and our Governor is a teabagging retard.
 
2013-03-16 01:20:06 PM  

Doctor Funkenstein: Oh, and our Governor is a teabagging retard.


Now, now let's not offend the mentally challenged by lumping them with the Tea Baggers or the Governor.
 
2013-03-16 02:04:53 PM  
And Kathleen Kane will deny it again when it's resubmitted thus tying it up in courts until well after Corbett's ass is voted out of office.
 
2013-03-16 02:05:48 PM  
"This is about providing for and protecting seniors," Corbett said. "Our goal is to make sure that our dramatically growing senior population willcontinue to have access to crucial programs and services in the years to come."

I think I might be missing something here but can someone explain to me how selling the lottery to a foreign firm is helping seniors?
 
2013-03-16 02:08:25 PM  

Mrtraveler01: I think I might be missing something here but can someone explain to me how selling the lottery to a foreign firm is helping seniors?


Free market solutions of invisible hand will trickle down with supply side economics to help the seniors without having them suckle on the government teat.  Don't you know anything about capitalism?
 
2013-03-16 02:09:22 PM  

Dougie AXP: And Kathleen Kane will deny it again when it's resubmitted thus tying it up in courts until well after Corbett's ass is voted out of office.


god I hope so... Corbett is such a piece of shiat.
 
2013-03-16 02:19:11 PM  
Camelot would have guaranteed a profit of $34 billion over the 20-year contract.
The administration has argued that the state-run system offers no similar guarantees. The Department of Revenue, which oversees the lottery, has estimated the lottery would generate roughly $30 billion over the same 20 years.



So, the private enterprise gets a better deal on managing something than the state's own auditors believe the lottery will generate. With the difference coming out of state coffers to assure the profit point for 20 years.

I want that job.
 
2013-03-16 02:24:27 PM  
For numerous reasons, this is an incredibly short-sighted and stupid plan by Kane. Ugh.
 
2013-03-16 02:26:10 PM  

Mrtraveler01: "This is about providing for and protecting seniors," Corbett said. "Our goal is to make sure that our dramatically growing senior population willcontinue to have access to crucial programs and services in the years to come."

I think I might be missing something here but can someone explain to me how selling the lottery to a foreign firm is helping seniors?


The PA Lottery benefits "older Pennsylvanians".  http://www.palottery.state.pa.us/Winners-Beneficiaries/Who-Benefits.a s px

Corbett's argument is that the foreign company is guaranteeing x number of dollars over 20 years and the current state run lottery can't do that. I guess outsourcing PA jobs isn't a factor in his mind.
 
2013-03-16 02:26:18 PM  

Psylence: Dougie AXP: And Kathleen Kane will deny it again when it's resubmitted thus tying it up in courts until well after Corbett's ass is voted out of office.

god I hope so... Corbett is such a piece of shiat.



img.makeupalley.comView Full Size
 
2013-03-16 02:30:38 PM  

Supes: For numerous reasons, this is an incredibly short-sighted and stupid plan by KaneCorbett. Ugh.


FTFM. Still too early here.
 
2013-03-16 02:39:33 PM  

Mrtraveler01: "This is about providing for and protecting seniors," Corbett said. "Our goal is to make sure that our dramatically growing senior population willcontinue to have access to crucial programs and services in the years to come."

I think I might be missing something here but can someone explain to me how selling the lottery to a foreign firm is helping seniors?


His argument is that there are no guarantees of how much profit the lottery will produce in the future -- money from the lottery helps pay for senior programs -- and this English company will pay the state a minimum amount. So instead of, "we'll probably earn $30 billion over 30 years," it's "we're definitely going to be paid $34 billion over 30 years."

Putting aside the fact that the PA lottery is actually efficiently run, two issues that come to mind are:

1) What happens if the company misses revenue goals? Will things just end up stock in court for years? I assume the company has created all kinds of escape hatches for itself in the event that it's revenue projections totally don't pan out.

2) If the lottery as currently run by the state is projected to produce $30 billion in revenue over 30 years, and the English company will pay $34 billions over 30 years, I assume that it plans to dramatically increase the scope of lottery activity to meet that $4 billion gap while still turning a profit for itself. What kind of oversight is there going to be for that expansion (the article indicates that there is concern that they'll do things that could cause competition with the State's casinos)?

I also love that Corbett is still trying to privatize the state liquor stores instead of just allowing alcohol to be sold in supermarkets. And if the stores are privatized, the joke will be on rural Republicans -- they'll have to drive 100 miles to buy alcohol because no for profit company is going to run a store that just sells alcohol in the state's rural counties that have population densities around 100/sq mile
 
2013-03-16 02:40:01 PM  

Pavia_Resistance: Corbett's argument is that the foreign company is guaranteeing x number of dollars over 20 years and the current state run lottery can't do that. I guess outsourcing PA jobs isn't a factor in his mind.


Also, if the company will guarantee X dollars, that company is almost absolutely certain that they can earn more than X dollars in profit.  Maybe the state system needs to rethink their plan if they truly can't make the same targets.
 
2013-03-16 02:44:29 PM  
How soon we forget.

ts4.mm.bing.netView Full Size


"You be careful out among the English".
 
2013-03-16 02:48:09 PM  
There are only so many dollars left in the treasury for him to find out how to embezzle. Throw the asshole in jail
 
2013-03-16 03:20:36 PM  

Doctor Funkenstein: Oh, and our Governor is a teabagging retard.


^^this

Marcellus shale will lower property taxes and blah blah blah, but god forbid we put even a 1% tax on its production.  Hey, let's sell off the liquor stores, lottery, and a turnpike or 2 while we're at it.

/I wouldn't actually mind selling of the liquor stores, but every plan I've seen so far is retarded.
//Charge small-business owners $10,000 dollars per store yearly to sell beer, or grant wal-marts/targets $100,000 yearly to cover their 100+ stores.  Yeah, that's fair.
 
2013-03-16 03:25:58 PM  
Mister Buttons: Doctor Funkenstein: Oh, and our Governor is a teabagging retard.

^^this

Marcellus shale will lower property taxes and blah blah blah, but god forbid we put even a 1% tax on its production.  Hey, let's sell off the liquor stores, lottery, and a turnpike or 2 while we're at it.

/I wouldn't actually mind selling of the liquor stores, but every plan I've seen so far is retarded.
//Charge small-business owners $10,000 dollars per store yearly to sell beer, or AND grant wal-marts/targets $100,000 yearly to cover their 100+ stores.  Yeah, that's fair.


FTFM
 
2013-03-16 04:13:26 PM  
and you guy point and laugh at Jindal and his no income tax.

as well you might.
 
2013-03-16 04:46:08 PM  
Corbett might have been a good Attorney general, but he is way out of his depth as a Governor. He has consistently disappointed me. I can understand privatizing the liquor/beer business and bringing Pennsylvania in line with the rest of the country, but I have yet to see what possible benefit there can be from handing the lottery over to private interests.
 
2013-03-16 05:01:31 PM  

Adolf Oliver Nipples: Corbett might have been a good Attorney general, but he is way out of his depth as a Governor. He has consistently disappointed me. I can understand privatizing the liquor/beer business and bringing Pennsylvania in line with the rest of the country, but I have yet to see what possible benefit there can be from handing the lottery over to private interests.


I can't wait to vote this tool out of office come next election...he's done nothing but be a corporate and GOP shill and it's aggravating.  I only hope the Penn State scandal has damaged his reputation enough that he loses the next election.
 
2013-03-16 05:28:41 PM  
It's cute that Corbett thinks he has a chance at re-election.
 
2013-03-17 10:46:18 AM  

PepperFreak: It's cute that Corbett thinks he has a chance at re-election.


He does. People from Philly and Pittsburgh don't show up for mid-terms. The Pennsyltukians dominate. How do you think this turd got elected in the first place?
 
2013-03-17 04:35:15 PM  

Tor_Eckman: PepperFreak: It's cute that Corbett thinks he has a chance at re-election.

He does. People from Philly and Pittsburgh don't show up for mid-terms. The Pennsyltukians dominate. How do you think this turd got elected in the first place?


People in Pittsburgh and Philly will this time. I have family in Philly and I work out of Pittsburgh  and Corbett has managed to piss Dems and Republicans in both areas. No one like him.
 
2013-03-17 07:35:19 PM  

Doctor Funkenstein: Oh, and our Governor is a teabagging retard.


No kidding.  With a 22% approval rating, he wants to do as much damage and redistricts as many Democratic seats out of existence as possible before his ass gets booted out in 2014.  I'm just hoping that my Congresswoman, Allyson Schwartz, doesn't get in either.  For all the years she's been in office, the only time I heard from her was when she demanded that Anthony Weiner be punished within an inch of his life for that non-crime he committed.

Oh, and of course he wants to change the electoral votes in PA so that even if the GOP loses, it wins.

F Corbett.  He rode the Tea Party wave in 2010 and now we're all suffering.  Even the Tea Partiers who don't want to admit that they were wrong.
 
2013-03-18 03:26:25 AM  

The Lone Gunman: Even the Tea Partiers who don't want to admit that they were wrong.


Isn't that a bit of a tautology?
 
2013-03-18 10:38:28 PM  

Fluorescent Testicle: The Lone Gunman: Even the Tea Partiers who don't want to admit that they were wrong.

Isn't that a bit of a tautology?


Well, only because I forgot to put a comma after "Partiers".
 
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