U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? http://theroundtable31996.yuku.com/topic/3967/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html en-us Copyright 2006, Yuku feeds@yuku.com (FeedMaster) webmaster@yuku.com (WebMaster) Sat, 28 Jun 2008 19:28:26 GMT Wed, 02 Jul 2008 21:42:07 GMT Yuku Feeds 1.0 http://blogs.law.harvard.edu/tech/rss 60 Yuku http://static.yuku.com//feed/bypass/images/button-yuku.png http://theroundtable31996.yuku.com/topic/3967/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html Yuku - free hosted forums and profiles 88 31 {pics-1.1 "http://www.icra.org/ratingsv02.html" l gen true for "http://yuku.com" r (nz 1 vz 1 lz 1 oz 1 cz 1 ) "http://www.rsac.org/ratingsv01.html" l gen true for "http://yuku.com" r (n 0 s 0 v 0 l 0 )) Search Search Domain q http://yuku.com/search/direct/ <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42591/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42591 feeds@yuku.com (Errol Grey) http://theroundtable31996.yuku.com/sreply/42591 Wed, 02 Jul 2008 21:42:06 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42533/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42533 ]]> feeds@yuku.com (Dannytoro) http://theroundtable31996.yuku.com/sreply/42533 Tue, 01 Jul 2008 21:20:24 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42521/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42521
People who replace hard work and planning with dreams of a lottery win, would just find something else to use as a substitute.

It may be too late for them, but it won't be too late for the babies, and for those who will be born in the future.


]]> feeds@yuku.com (Sherezada) http://theroundtable31996.yuku.com/sreply/42521 Tue, 01 Jul 2008 20:42:53 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42496/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42496 feeds@yuku.com (Errol Grey) http://theroundtable31996.yuku.com/sreply/42496 Tue, 01 Jul 2008 11:46:56 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42481/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42481
The Michigan Lottery was to be the god send in addressing education in the state. And that which was touted to voters for it's passage. The kicker was that all the proceeds wouldn't go to education. Any extra would be drained off into the general fund.

As we speak, a shortage and talk of schools being closed, teacher lay offs as guess what? Seems to be funds... ]]> feeds@yuku.com (Luck of the Draw) http://theroundtable31996.yuku.com/sreply/42481 Tue, 01 Jul 2008 09:10:43 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42475/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42475
Georgia Lottery sales for the first half of fiscal year 2008 reached nearly $1.7 billion and proceeds to education topped $417 million - exceeding the record set in the first half of the last fiscal year by more than $16.9 million. This brings the total raised... ]]> feeds@yuku.com (SouthernLadyGA) http://theroundtable31996.yuku.com/sreply/42475 Tue, 01 Jul 2008 08:57:14 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42458/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42458 "2) The US Federal government has no business being involved with a gambling game. Period!" chatchy

I know.
But the US Federal government has no business being involved with a $9+ $Trillion $Dollar $Debt either. Period!

Dt,
You're killin' me.
I hope they don't whisk me off and lock me in a rubber room for admitting it, but I like that idea. I really do. ]]> feeds@yuku.com (sear) http://theroundtable31996.yuku.com/sreply/42458 Tue, 01 Jul 2008 03:35:54 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42427/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42427 feeds@yuku.com (Errol Grey) http://theroundtable31996.yuku.com/sreply/42427 Mon, 30 Jun 2008 14:07:37 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42399/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42399 feeds@yuku.com (Dannytoro) http://theroundtable31996.yuku.com/sreply/42399 Mon, 30 Jun 2008 08:08:36 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42393/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42393
Mac

]]> feeds@yuku.com (Macaroo) http://theroundtable31996.yuku.com/sreply/42393 Mon, 30 Jun 2008 07:49:31 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42384/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42384
I always thought the best game in the casino, as for odds in favor to the player, was the cigarette machine.

2) The US Federal government has no business being involved with a gambling game. Period!


]]> feeds@yuku.com (chatchy) http://theroundtable31996.yuku.com/sreply/42384 Mon, 30 Jun 2008 04:39:47 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42382/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42382 feeds@yuku.com (Errol Grey) http://theroundtable31996.yuku.com/sreply/42382 Sun, 29 Jun 2008 23:45:09 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42357/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42357
We have had a state-run lottery for many decades. The odds are not so bad -- 1 in 10,000 for the big one, and there are smaller prices whose odds go as high as 1 in 10. It runs twice a week. The proceeds are used for charity. However, I don't think it's a good thing. It has created generations of people who dream of getting rich by winning the lottery, and don't plan on what to do with their lives in case they never do. If I were President of Panama, I'd do... ]]> feeds@yuku.com (Sherezada) http://theroundtable31996.yuku.com/sreply/42357 Sun, 29 Jun 2008 12:40:47 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42352/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42352 "The games are devised to favor the house." EG
I've never heard of a gambling game that isn't.
But what are the odds at a $1.oo one armed bandit?
What are the odds w/ a $1.oo lottery ticket?

Scale (proportion) the jackpots, and weight the odds.
I haven't done the math. But I thought those that have say the casino gives better odds.

But whatever.
And though I've never been inside a casino,... ]]> feeds@yuku.com (sear) http://theroundtable31996.yuku.com/sreply/42352 Sun, 29 Jun 2008 11:16:20 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42347/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42347 feeds@yuku.com (Errol Grey) http://theroundtable31996.yuku.com/sreply/42347 Sun, 29 Jun 2008 08:35:24 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42336/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42336 I gather your point is, they can, and therefore they should.

Next question.

I don't have much problem with State run gambling. But I believe the odds of these State run games are nowhere near as good as other forms of gambling; perhaps casino gambling for example.
So what's the deal with that? Should government sponsored gambling be a rip-off? Or should the odds be comparable to -the competition-?

And in NY, not only does the State run these... ]]> feeds@yuku.com (sear) http://theroundtable31996.yuku.com/sreply/42336 Sat, 28 Jun 2008 22:15:25 GMT <![CDATA[ Re: U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/reply/42333/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html#reply-42333 feeds@yuku.com (Errol Grey) http://theroundtable31996.yuku.com/sreply/42333 Sat, 28 Jun 2008 20:24:14 GMT <![CDATA[ U.S. Federal debt: should the U.S. run a federal lottery; proceeds to debt principle reduction? ]]> http://theroundtable31996.yuku.com/topic/3967/t/U-S-Federal-debt---U-S-run--federal-lottery-proceeds--debt-p.html
States have implemented State, and even multi-State lotteries to help them with their budget shortfalls.

Of course, realistically, even if the U.S. did run (or license) a federal lottery, the net revenue would simply dump into the treasury.
But the enabling statute could specify that the U.S. federal debt would be reduced by that net revenue amount.

Would that be a good idea?

... ]]> feeds@yuku.com (sear) http://theroundtable31996.yuku.com/topic/3967 Sat, 28 Jun 2008 19:28:26 GMT