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Schwarzenegger to propose lottery borrowing to ease deficit
AP on KSBY.com ^ | 5/13/08 | AP

Posted on 05/13/2008 7:56:25 PM PDT by NormsRevenge

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To: NormsRevenge

“..borrowing against future state lottery revenue..”

I think I hear the fat lady flushing the toilet.


21 posted on 05/13/2008 8:34:37 PM PDT by Rembrandt (We would have won Viet Nam w/o Dim interference.)
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To: NormsRevenge

After buying gas for my car... I cannot afford to buy any lottery tickets...they are a luxury that I have to give up...


22 posted on 05/13/2008 8:34:52 PM PDT by JoanneSD (illegals represented without taxation.. Americans taxed without representation)
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To: stravinskyrules

But what else can the poor man do? We all know there is no absolutely no fat or waste whatsoever in the California budget.


23 posted on 05/13/2008 8:36:50 PM PDT by jrp
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To: NormsRevenge

And two more “powerballs” to the lottery machine, number each ball from 0-255. That ought to reduce the odds of payout enough to make even more money for the state.

At least for a few months. And as the jackpot “grows” some mathematically unskilled persons will throw even more money to lottery tickets.


24 posted on 05/13/2008 8:49:11 PM PDT by weegee (Osama Obama claims to have visited 57 states now. Can you say Potatoe Head?)
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To: stravinskyrules

Where does the money that USED to go to education (before the lottery was established) now go?


25 posted on 05/13/2008 8:50:07 PM PDT by weegee (Osama Obama claims to have visited 57 states now. Can you say Potatoe Head?)
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To: Lancey Howard

California tax codes are kinder to those working in the entertainment sector than they are to those working in other fields. Perhaps the perks need to end. It is a billion dollar industry after all.


26 posted on 05/13/2008 8:52:41 PM PDT by weegee (Osama Obama claims to have visited 57 states now. Can you say Potatoe Head?)
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To: JoanneSD

The state considers you to be negligent in your taxes. They depend on those dollars.


27 posted on 05/13/2008 8:53:48 PM PDT by weegee (Osama Obama claims to have visited 57 states now. Can you say Potatoe Head?)
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To: NormsRevenge
Gov. Arnold Schwarzenegger will propose borrowing against future state lottery revenue...

Can I borrow money collateralized by my future lottery winnings?

28 posted on 05/13/2008 9:05:08 PM PDT by Onelifetogive (Simple-minded conservative...)
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To: NormsRevenge

If a corporate CEO tried this he would be shuffled off to prison for fraud. Why are government CEO’s any different?


29 posted on 05/13/2008 9:09:25 PM PDT by KarlInOhio (Pray for Rattendaemmerung: the final mutually destructive battle between Obama and Hillary in Denver)
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To: NormsRevenge

Why doesn’t he just star in Terminator IV, The Rise of Judgment Day in Sinking California, and donate the profits to the state coffers?


30 posted on 05/13/2008 9:25:10 PM PDT by informavoracious (Freedom Isn't Free.)
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To: NormsRevenge

What a disgrace!


31 posted on 05/13/2008 9:45:35 PM PDT by philly-d-kidder (From Kuwait where the Weather is always Partly Sandy!)
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To: NormsRevenge

Scrappleface?


32 posted on 05/13/2008 10:04:49 PM PDT by TigersEye (Berlin 1936. Olympics for murdering regimes. Beijing 2008.)
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To: NormsRevenge

Proud to say this is one reason why I voted against the lottery.


33 posted on 05/13/2008 10:17:34 PM PDT by NoLibZone (The Huge Demonstrations by Illegals in 2006 prove they have more of the Spirit of 76 then we do)
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To: NormsRevenge

Add two years more service to get retirement benies for ALL State Employees.


34 posted on 05/13/2008 10:19:11 PM PDT by NoLibZone (The Huge Demonstrations by Illegals in 2006 prove they have more of the Spirit of 76 then we do)
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To: NormsRevenge

and what you sell /tax next year, and the year after?

>> The other $10 billion would be left in a reserve fund

that reserve fund will really last.


35 posted on 05/14/2008 12:41:10 PM PDT by old-and-old
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To: old-and-old

It’s the old ‘we’ll stick it away for a rainy day’ gambit we’ve heard before, and more than once the last few years.. the smoke and mirrors never stop nor does the spending and hence, the borrowing..

What’s the definition of insanity.. doing the same things over and over again and expecting different results?


36 posted on 05/14/2008 1:00:07 PM PDT by NormsRevenge (Semper Fi ... Godspeed ... ICE toll-free tip hotline—1-866-DHS-2-ICE ... 9/11 .. Never FoRget!!!)
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