Man Wins $250K in Illinois Lottery, All He Gets is IOU

CNS News ^ | 9/2/15 | Barbara Hollingsworth

[mylife]

Yessir

[mylife]

Guess it beats Gary Indiana in some regards ;)

[Lopeover]

ROTFLMAO! That's the democrat/Marxists for you! 😂

[Jack Hydrazine]

Lloyd Christmas: Listen, Mr. Samsonite, about the briefcase, my friend Harry and I have every intention of fully reimbursing you.
Nicholas Andre: Open it up. Open it up!

Lloyd Christmas: [Motioning to Mary] Go ahead, open it up. Do what he says. Hurry.
Nicholas Andre: What is this? What is this? Where's all the money?

Lloyd Christmas: That's as good as money, sir. Those are I.O.U.'s. Go ahead and add it up, every cent's accounted for. Look, see this? That's a car. 275 thou. Might wanna hang onto that one.

[Jack Hydrazine]

It used to be that 70% of all lottery winners end up going broke and filing for a bankruptcy according to this article.
http://brandongaille.com/22-lottery-winners-bankrupt-statistics/

Now you go broke before you ever get your money - a first!

[joshua c]

That’s a good point. Are the EBT’s still being loaded?

Arent lottery commissions separate entities? And they dont depend on tax revenues, they pay out from ticket sales.

Something smells.

[Smokin' Joe]

I wonder if they are going to hit him uSgt. Jennifer Martin for the taxes before he collects?

[Smokin' Joe]

Not sure how Sgt. Jennifer Martin got in there.

[Nailbiter]

Politicians?

[Shimmer1]

They make money hand over fist with that lottery, they can’t pay out some winnings? oh no, of course not.

[GeronL]

this is what happens when governments run lotteries and it is put into the general fund.

[smalltownslick]

Give them $25,000 a month for ten months

[Shimmer1]

Sometimes my TV contributes a few words when I’m voice texting!

[NorthMountain]

If they don’t have a budget, how are they still collecting taxes..

Because the budget law (authorization to spend money) and the tax laws (authorization to take money) are different laws. Lack of does not imply lack of the other.

In the absence of a budget law, the State has no (limited?) legal authority to spend money ... so spending money would be a violation of the law.

We can hope, pray, that our various governments would be so careful about obeying the law in other areas as well. Like, say, the limits on government size and power established in the Constitution.

[GeronL]

“We can hope, pray, that our various governments would be so careful about obeying the law in other areas as well”

good point

[glorgau]

The note said; “We would rather owe it to you than cheat you out of it”.