{"id":185423,"date":"2014-11-26T22:41:00","date_gmt":"2014-11-27T03:41:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2014\/11\/26\/you-would-have-thought-that-they-would-have-learned-after-the-ottoman-empire-and-the-ferme-generale-debacles\/"},"modified":"2014-11-26T22:41:00","modified_gmt":"2014-11-27T03:41:00","slug":"you-would-have-thought-that-they-would-have-learned-after-the-ottoman-empire-and-the-ferme-generale-debacles","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2014\/11\/26\/you-would-have-thought-that-they-would-have-learned-after-the-ottoman-empire-and-the-ferme-generale-debacles\/","title":{"rendered":"You Would Have Thought that They Would Have Learned After the Ottoman Empire and the Ferme G\u00e9n\u00e9rale Debacles\u2026\u2026\u2026"},"content":{"rendered":"<p>Or, if they don&#8217;t want to go back so far, the Chicago parking meter debacle, but history repeats itself, and <a href=\"http:\/\/www.nj.com\/politics\/index.ssf\/2014\/11\/lawmaker_calls_for_nj_lottery_review_after_revenue_falls_short.html\">Chris Christie&#8217;s privatization of the New Jersey lottery<\/a> shows once again that privatizing the collection government revenues, does not produce additional revenue, it just produces waste and corruption:<\/p>\n<blockquote><p><span style=\"color: blue;\">The state Assembly budget committee chairman is calling for a review of the contract privatizing parts of the state lottery following a news report that the firm hired to manage the system fell short of revenue benchmarks.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Assemblyman Gary Schaer (D-Passaic), reacting to a Bloomberg report Monday that Northstar New Jersey missed its projections by $24 million in the first fiscal year of a 15-year contract, said the shortfall puts programs for seniors, veterans and people with disabilities at risk.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The premise of the lottery contract is increasing lottery revenues according to Northstar\u2019s own projections, Schaer said.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u201cThe administration brought in a company to work on the lottery system, and clearly the results are not what they should be,\u201d he said.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Christie inked the deal with Northstar in July 2013, making New Jersey the third state to hire a private firm to help run its lottery in hopes of boosting lottery sales.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Four months into the arrangement, which began Oct. 1, 2013, Northstar secured a contract amendment reducing its revenue goals, according to Bloomberg. Northstar cited slowed sales from Superstorm Sandy in its request.<\/span><\/p><\/blockquote>\n<p>These deals never generate more revenue.<\/p>\n<p>At best, what they do is generate a dollar today at the cost of many more dollars tomorrow.<\/p>\n<p>In this case, considering that it is Jabba the Governor, it&#8217;s about payback for politically connected friends of Chris.<\/p>\n<p>Hopefully, the media is over their man-crush on Christie, and and will begin to notice the morass of cronyism and self-dealing that is his tenure as Governor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Or, if they don&#8217;t want to go back so far, the Chicago parking meter debacle, but history repeats itself, and Chris Christie&#8217;s privatization of the New Jersey lottery shows once again that privatizing the collection government revenues, does not produce additional revenue, it just produces waste and corruption: The state Assembly budget committee chairman is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1087,978,1196],"tags":[],"class_list":["post-185423","post","type-post","status-publish","format-standard","hentry","category-corruption","category-gaming","category-politics","category-privatization"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185423"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185423"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185423\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}