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Huge Powerball Payout Inspires “Ingenious” Fiscal Idea
http://www.angelfire.com/ak2/intelligencerreport/rightwing220.html ^
Posted on 12/05/2012 12:39:50 PM PST by navysealdad
click here to read article
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To: navysealdad
“You need to spend money so you can make money, boss.”
2
posted on
12/05/2012 12:41:41 PM PST
by
Jonty30
(What Islam and secularism have in common is that they are both death cults.)
To: navysealdad
The first step in getting the Government out of its fiscal crisis, is fire every last one of them that overspent his budget, just like any private business would do.
Then fire every last one of them that did not make a budget. That would empty congress and 95% of Government top staff.
Then rehire and re-elect on the condition that Congress, like the people, HAVE TO FOLLOW THE LAW. The Lawless bass-turds must go cause they are too fishy.
3
posted on
12/05/2012 12:46:55 PM PST
by
American in Israel
(A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
To: navysealdad
You get a much better average payout at the billion dollar chip blackjack table. And you get free drinks too.
4
posted on
12/05/2012 12:46:55 PM PST
by
KarlInOhio
(Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
To: navysealdad
5
posted on
12/05/2012 12:48:25 PM PST
by
Lucky9teen
(Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
To: KarlInOhio
You get a much better average payout at the billion dollar chip blackjack table. And you get free drinks too. Don't forget the free buffet ...
6
posted on
12/05/2012 12:53:22 PM PST
by
Lmo56
(If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
To: navysealdad
$30 billion will purchase 15 billion tickets. The odds are 175 million to one, thus insuring 85 payouts if all the possibilities are covered. If the game was not pari-mutual, with a sharing of the jackpot, the minimum jackpot of $40 million would be paid out 85 times, for a total of $3.4 billion. The loss would be $26.4 billion compared to the jackpots. Of course there would be ancilliary payouts of the powerball, 2 of a kind, 4 of a kind with PB, etc. These typically amount to 20 cents on the dollar, so let’s call it another $5.3 billion on the $26 billion remaining, for a total payback of $8.7 billion on an outlay of $30 billion.
That sounds about right. Close enough for government work, that is.
But it’s a lot worse than this, because the jackpots are, in fact, shared, and we haven’t even mentioned that the cash option is significantly discounted.
To: navysealdad; John Semmens
This is unattributed satire, but I believe it was lifted from our own John Semmens the AZ (Arizona) Conservative.
8
posted on
12/05/2012 12:59:49 PM PST
by
Navy Patriot
(Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
To: navysealdad
Is this a joke?
The Achille’s heel of this idea is that people knew they were competing against the government in the lottery, they would quit playing.
9
posted on
12/05/2012 1:00:34 PM PST
by
Brookhaven
(theconservativehand.com - alt2p.com)
To: navysealdad
I have a better idea: Impeach the admitted foreign born Kenyan for being unconstitutionally elected. Arrest all the libs down the line who were in on this fraud, and replace them with conservatives.
10
posted on
12/05/2012 1:01:30 PM PST
by
GrandJediMasterYoda
(Someday our schools we will teach the difference between "lose" and "loose")
To: Navy Patriot; John Semmens
Even the title is word for word...
11
posted on
12/05/2012 1:02:25 PM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing)
To: Lucky9teen
12
posted on
12/05/2012 1:04:39 PM PST
by
GrandJediMasterYoda
(Someday our schools we will teach the difference between "lose" and "loose")
To: navysealdad
Harry Reed says, “Come to Vegas, suckers!”
13
posted on
12/05/2012 1:08:59 PM PST
by
Mark
(For the first time in my life, I'm no longer proud of my country.)
To: navysealdad
The Left tells us that the rich are rich because they have won the lottery of life. Now they want to join in. Of course, they are playing with other people’s money, but what the hell! Other people’s money goes down the same Rat hole.
14
posted on
12/05/2012 1:11:33 PM PST
by
jonrick46
(The opium of Communists: other people's money.)
To: navysealdad
the federal government would almost certainly win each week's jackpot. The Fed is not the same as the US Treasury. The US Treasury would have to be the one to buy the lottery tickets. They would have to get the money to do that by borrowing from the Fed. When they won, they would have to pay the Fed back with interest.
15
posted on
12/05/2012 1:27:34 PM PST
by
mjp
((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
To: Navy Patriot
Yeah, the first thing I thought of when I saw this. The mods ought to pull it in my opinion.
16
posted on
12/05/2012 1:28:40 PM PST
by
BipolarBob
(Riding my stick horse yelling "Woop woop whopm Gangnam Style" & grinning like an idiot.)
To: navysealdad
Why would the government need to buy lottery tickets? They already win nearly half of every lottery pot ever won, in every lottery in every state, every single time.
17
posted on
12/05/2012 1:29:22 PM PST
by
Malsua
To: navysealdad
To: steerpike100
I think that is still a fair risk to take to end up with, say, $4B.
So, it goes like this, I get to use other peoples' money ($30B) for me to end up with $4B. Or did I miss read that article. Ooooops, we aren't supposed to read anything until the bill passes.
19
posted on
12/05/2012 1:41:06 PM PST
by
jwsea55
To: Navy Patriot
Yes, you hit the nail on the head. This was one of Johns satires only a few days ago.
One of his absolute very best I believe.
20
posted on
12/05/2012 1:48:21 PM PST
by
rockinqsranch
(Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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