An item in today's TMQ takes on State 'education' lotteries:
this important story in Sunday's New York Times details how the supposed virtue of state-run gambling lotteries -- payments for public education -- increasingly is a swindle. State-run lotteries took in $56 billion in 2006, the paper reports, but only $17 billion of that amount actually went to the official purpose, support of education. The balance, 70 percent of receipts, was used for prizes and administrative expenses. If a charity spent only 30 percent of its proceeds on charitable works, the managers would soon be in jail. Yet state-run lotteries devote only a third to education and the legislatures of the 42 states plus the District of Columbia that sponsor gambling do nothing.But it's for the chiiiiiiiiiillllllllldrrrrrrrrrrehhhhhhhhhhhhhnnnnnnn. I call BS on that.
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