Friday, January 27, 2012
Bad Bet for Florida: It Doesn't Take A Kid, Duh!
The GOP response to the sour economy that it created has been to weaken labor laws and to introduce vice industries like gambling into states.
In the past, the Florida lottery was offered as a solution for education funds for primary and secondary schools. CBS news pointed out:
After 50 cents of every gambled lottery dollar is given back in prize money and operating expenses swallow another 20 cents, on average, leaving just 30 cents of every lottery dollar going back to the state.
Lotteries do help, but not nearly as much at you may think. Even when proceeds are earmarked for education, lotteries generally cover only a fraction of state education spending.
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