I never thought I’d see the day when a state would close down all of its casinos for budgetary reasons (I know that casinos were closed down south because of Hurricane Katrina’s devastation – but that is obviously a different situation). I’m not sure how to react to this – I’m not a heavy gambler, so it doesn’t really affect me at all. But, I do know that casinos make a lot of money for state governments, and it is probably in their best interests to make sure they stay open.
Corzine (the governor of New Jersey), basically decided that in order to balance the budget, he needed to be serious – and what better way than to hit the legislators where it counts … in the casinos. I must confess that I don’t know too much about this situation, other than Corzine was hell-bent on balancing the budget, lower property taxes, and that he wanted to raise the state sales tax 1% in order to do these things. I’m not a big fan of raising state sales taxes, since I work in New Jersey and sometimes buy things there.
One thing that I am impressed with is that Corzine went against his own political party with this one – Even if the person is doing the wrong thing, I get excited when a person in office goes against his/her political party (and the opposition), because in my mind, this means less partisan politics – the devil of all government.
The state of Pennsylvania is going to be getting some slot parlors in the next few years, and I’m eager to see how the city of Philadelphia wastes…er…spends the money that they get for this. John Street can’t get these casinos up quick enough so that he can pay for his and all of his family’s retirement. One thing is for sure, Street would never lockout the casinos if he was governor, because money is his middle name (and first name, and last name … although it is hyphenated with corruption).
2 days ago