It just boggles my mind that government can be so inept that they cannot profitably run a bookie operation; and further that anyone can look to government to run anything.
There's more ... IANAL, but when this article starts off with, "Legislation has been introduced ...," I assume that this is something that is being done in the NY State Legislature. But there's this pesky thing in the Constitution that gives Congress the power "To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States." (I know the article says that some Federal Judge ruled that the NY Legislature had to be involved, but I guess that judge just cannot read.) Furthermore, Article I, Section 10 says in part, "No State may pass ... any ex post facto Law, or Law impairing the Obligation of Contracts. If that's not what they're trying do here, then I guess I need a remedial course on the English language.
And isn't it charming that the devastating effects of this bankruptcy will be first for "employees, suppliers, landlords, neighborhoods and creditors." First listed are the bloodsucking government employees. Horseplayers (i.e. customers) come last, if there's any concern for them at all.
Attention must be paid. Government should not be allowed to run anything unless it is absolutely necessary.
On the visible side most would say they can’t even make a profit on gambling, tells you something about the government. But on the underside they are skimming and showing a loss everytime and now looking for a bail out, tells you even more about the government.
You pays your money, you takes your chances. Sorry, they played and lost. I shouldn’t have to bail them out.
Having lived in suffolk for twenty five years, it is a fact that both rats and pubbies are on the same side. Politicians running any type of business will end up bankrupting it. Suffolk county has to change or it will continue.