Posted on 02/06/2007 2:04:55 PM PST by kiriath_jearim
AUSTIN, Texas -- Gov. Rick Perry on Tuesday proposed selling the state lottery for at least $14 billion to create an endowment for Texans without health insurance and a trust fund for cancer research.
That money could be used to form a $2.7 billion endowment for the uninsured and to create a $3 billion fund for the fight against cancer, Perry said in his State of the State address.
Both funds would generate ongoing payments, he said.
(Excerpt) Read more at newsday.com ...
Recall!!!!!
... as well as higher taxes.
This effectively earmarks the lottery revenues for a new set of expenditures. The lottery revenues will have to be replaced, somehow.
The implication is that this is all somehow free, found money. It isn't.
All hair, no brain.
Time for a recall or a ride on a rail. Good-hair Perry needs to GTFO.
He's lost his mind.
Do illegal aliens qualify?
Of course they would. More pandering by the Republicrats in Texas.
I guess I'm not seeing the big picture.
Isn't the lotto an income generating business of sorts? Why sell that off?
Is Perry friends with any female astronuts? It's getting hard to tell Texas residents apart without a score card.
The lottery: a tax on stupid people and now up for the highest bidder. Can we get any more corrupt?
No, he's paying back reelection campaign debts! I know Merck & Co., Inc. was a financial supporter and we got the HPV vaccine order. Now, I am willing to bet that he is somehow financially beholden to someone in this lottery deal.
Funny how they only talk about the two endowments which only ads up to $5.7 billion. There is that pesky $8.3 billion of remaining monies from the sale.
And of course the loss of annual revenue of $3.8 billion.
But hey, privatization!
LOL! There's always an angle for these politicians...
Has Perry just gone out of his freaking mind lately?
Could be, but he's still lost his mind. Aren't the lottery funds earmarked for education?
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