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DonViejo

(60,536 posts)
Wed Apr 1, 2015, 10:06 AM Apr 2015

After Christie’s privatization, NJ lottery missing targets

Source: ASSOCIATED PRESS

WASHINGTON (AP) — When Chris Christie privatized New Jersey’s lottery two years ago, he said its new overseers would “modernize and maximize” the games.

Instead, a lottery once ranked among the nation’s top performers is now lagging for the second straight year, trailing its state income targets by $64 million seven months into the current fiscal year. Meanwhile, the company running it has spent hundreds of thousands of dollars to hire lobbyists and a public relations firm with close ties to the governor.

New Jersey lawmakers anticipated receiving nearly $1.04 billion in income from the lottery this year, a number reduced to just $955 million in a revised budget released this month. Having collected an estimated $510 million seven months into this fiscal year, the lottery is not on track to meet even its lowered expectations.

The shortfalls could mean budget cuts to programs directly funded by the lottery system — such as after-school care, programs for veterans and education for the deaf — should the lottery’s fortunes not improve.

-snip-

Read more: http://www.salon.com/2015/04/01/after_christies_privatization_nj_lottery_missing_targets_2/

30 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
After Christie’s privatization, NJ lottery missing targets (Original Post) DonViejo Apr 2015 OP
He can't even get gambling right JustAnotherGen Apr 2015 #1
Could it be donnasgirl Apr 2015 #2
Could it be That the privates are pocketing a bigger portion of the pie? The CCC Apr 2015 #3
A better way to put it donnasgirl Apr 2015 #6
Exactly liberalmike27 Apr 2015 #20
O....M......G AlbertCat Apr 2015 #21
excellent for anti-Christie ad wordpix Apr 2015 #17
If we could tie it in to pain around taxes JustAnotherGen Apr 2015 #29
From his perspective he DID get it right. The privater firm who got the job is making money KittyWampus Apr 2015 #28
Might as well read about it in Joisey's largest paper, along with... TreasonousBastard Apr 2015 #4
don't cha wonder about his cut?? oldandhappy Apr 2015 #5
So, if he ran for governor again mountain grammy Apr 2015 #7
I don't know JustAnotherGen Apr 2015 #15
Is the bastard term limited? mountain grammy Apr 2015 #22
Well - I think JustAnotherGen Apr 2015 #23
we are so fucked Cosmocat Apr 2015 #8
You guys are so lucky you were able to unload Corbett when you did LynneSin Apr 2015 #13
He was THAT bad Cosmocat Apr 2015 #18
Not only did Corbett lose HUGE but in a year when GOP won big LynneSin Apr 2015 #19
LOBBYISTS - Why the hell does the lottery need lobbyists (with close tie to Christie nonetheless) groundloop Apr 2015 #9
to cut deals that are good for the guv, whether kickbacks or campaign donations or... wordpix Apr 2015 #16
Because it is now a private company in the gambling business. ohnoyoudidnt Apr 2015 #30
Sorry New Jersey, but you deserve it for electing such a goon still_one Apr 2015 #10
To think Corbett wanted to do this in Pennsylvania LynneSin Apr 2015 #11
Privatization means skimming. nt valerief Apr 2015 #12
You are correct. It also means motivated by profit which means reduced services at the same cost. Enthusiast Apr 2015 #25
They tried to do that here in PA BumRushDaShow Apr 2015 #14
No matter what Republicans and corporatist Democrats say, privatization is always a bad deal Enthusiast Apr 2015 #24
The problem with privatization is that it must be profitable liberal N proud Apr 2015 #26
Good oberliner Apr 2015 #27

JustAnotherGen

(31,947 posts)
1. He can't even get gambling right
Wed Apr 1, 2015, 10:10 AM
Apr 2015

C'moooooooooon. He's doing anything and everything he can to screw us over.

The CCC

(463 posts)
3. Could it be That the privates are pocketing a bigger portion of the pie?
Wed Apr 1, 2015, 10:18 AM
Apr 2015

One small correction. Could it be That the pirates are pocketing a bigger portion of the pie? YES! :lol:

liberalmike27

(2,479 posts)
20. Exactly
Wed Apr 1, 2015, 12:25 PM
Apr 2015

And it's the same for all privatization. Owners of newly privatized prisons, or the PO, or whatever, will pocket more and more of the profits, while the poor workers will suffer lower wages, little or no benefits, the customers, or prisoners will suffer less, more inadequate care than already bad government care.

I can see stereos, cars, parts, speakers, televisions, and all sorts of consumer products being privately owned. In truth though, we should be pushing in the other direction, to put the government in charge of utilities, water, electric, gas, phone, Internet, pretty much all that we all need to use--all called "The Commons." Sadly, while we might get Democrats to "fight" privatization, it's hard to get them to actually suggest just the opposite, or "pull" on that tug-of-rope instead of trying to hold ground. Holding ground at best, keeps the status quo. Actually trying to pull usually achieves at least that, or maybe even moving a little left, which is what we need.

 

AlbertCat

(17,505 posts)
21. O....M......G
Wed Apr 1, 2015, 01:13 PM
Apr 2015

"to put the government in charge of utilities, water, electric, gas, phone, Internet, pretty much all that we all need to use--all called "The Commons."

That's ...gasp!....SOCIALISM!

?1c389e




Besides, as we all know, because the GOP has told us.... The government cannot do anything right. Right?




JustAnotherGen

(31,947 posts)
29. If we could tie it in to pain around taxes
Fri Apr 3, 2015, 04:52 AM
Apr 2015

It could be!

There's one thing that keeps the upper middle class and higher happy in New Jersey and it's the Homestead Rebate. If you have a mortgage at the Fed Level - you get a tax break. But in state - we also get a homestead rebate. And if you rent and don't make over (I think) 70K a year - you get a rebate as well.

If his austerity measures impact those rebates this year - he's screwed.

 

KittyWampus

(55,894 posts)
28. From his perspective he DID get it right. The privater firm who got the job is making money
Thu Apr 2, 2015, 09:52 AM
Apr 2015

as are the lobbying firms and his own coffers.

oldandhappy

(6,719 posts)
5. don't cha wonder about his cut??
Wed Apr 1, 2015, 10:27 AM
Apr 2015

His decisions about how to build a platform for a run for the presidency are all falling on him now.

JustAnotherGen

(31,947 posts)
15. I don't know
Wed Apr 1, 2015, 11:08 AM
Apr 2015

I think die hards are waking up. However - if we had a weak candidate like a Corzine again - who knows?

It would take recognition from National Democratic Organizations to really do a full court press to unseat him.

We have a flawless liberal and progressive - FLAWLESS in 2013 - but even here at DU some of the Democratic Party 'money' folks thought it wasn't worth the time to support Buono.

NJ libs/progressives are on our own - we aren't an important 'swing' state. *sigh*

My greatest fear is that the TEA types propel a TEA Candidate into Trenton.

mountain grammy

(26,659 posts)
22. Is the bastard term limited?
Wed Apr 1, 2015, 03:47 PM
Apr 2015

Ok, I looked that up, and he is. Guess that's why he'll run for president.

I hope the die hards are waking up. I talk to my old college roomie in New Jersey, and she can't believe how people love him She gets physically ill every time she hears someone gushing over Christie. She swears one of these days she'll puke all over one of them. I've begged her to wait on that until my next visit.

JustAnotherGen

(31,947 posts)
23. Well - I think
Wed Apr 1, 2015, 05:57 PM
Apr 2015

Sweeney is going to push for him to step down if he runs - or he will have to extremely transparent in his campaign contributions.

I think people don't like him like they used to - and the local media is losing patience.

Cosmocat

(14,576 posts)
8. we are so fucked
Wed Apr 1, 2015, 10:33 AM
Apr 2015

Corbett TRIED the same move in PA, and fortunately he botched it enough that it did not go through.

But, locally, our county just passed a measure to privitize a portion of county services.

Same results will occur.

The problem is, this country has been so wore down by their bullshit, and is so distracted, we just burb and nod our heads when these jackasses scream "GOVERNMENT SUCKS" and will let them INCREASINGLY pull this shit, and when the privates pocket more and don't perform as well, frankly, no one will care enough to reverse it ...

LynneSin

(95,337 posts)
13. You guys are so lucky you were able to unload Corbett when you did
Wed Apr 1, 2015, 10:55 AM
Apr 2015

Else Pennsylvania would have been fucked for decades.

I hope somehow the state passes a law that forbids privatizing these programs. Private businesses do not give a rat's ass about the state they are suppose to be supporting. They care about their stockholders and profits first.

How stupid can these republicans be?

Cosmocat

(14,576 posts)
18. He was THAT bad
Wed Apr 1, 2015, 12:17 PM
Apr 2015

When a republican loses in PA, he has to really go out of his way to be bad, like Santorum.

Sadly, it is a simple fact of life how dogmatic republicans are at this point.

The problem is the non party loyalist going along for the ride.

LynneSin

(95,337 posts)
19. Not only did Corbett lose HUGE but in a year when GOP won big
Wed Apr 1, 2015, 12:25 PM
Apr 2015

that pretty much said how much Corbett really SUCKED!

groundloop

(11,528 posts)
9. LOBBYISTS - Why the hell does the lottery need lobbyists (with close tie to Christie nonetheless)
Wed Apr 1, 2015, 10:36 AM
Apr 2015

I'd bet that before too long Governor Soprano doesn't give a shit if he's re-elected or not because he'll have all he needs to live very very comfortably stashed in a Swiss bank account.

wordpix

(18,652 posts)
16. to cut deals that are good for the guv, whether kickbacks or campaign donations or...
Wed Apr 1, 2015, 11:10 AM
Apr 2015

fancy cars, vacations, jewelry and the like.

ohnoyoudidnt

(1,858 posts)
30. Because it is now a private company in the gambling business.
Fri Apr 3, 2015, 10:20 AM
Apr 2015

That gives a share of its revenue to the government. Lobbyists can help increase their profit be diminishing what they give to the state or expanding lottery games.

LynneSin

(95,337 posts)
11. To think Corbett wanted to do this in Pennsylvania
Wed Apr 1, 2015, 10:52 AM
Apr 2015

You think Privatizing is going to somehow make more money for the state? Even a dingbat can figure out that the Private Company who owns it wants to make all the profits and it's the dumbass state that sold it out that is going to lose in the end.

Thank goodness Pennsylvania got rid of Corbett before he could privatize the turnpike and lotery in his state.

BumRushDaShow

(129,683 posts)
14. They tried to do that here in PA
Wed Apr 1, 2015, 11:03 AM
Apr 2015

when Corbett was governor, where he even signed an illegal contract for it and the attempt was ended. It was interesting to see that Illinois apparently tried it too and theirs failed like New Jersey's effort.

I expect this was all part of the ALEC "Privatization of government functions" push. They want to push that "for profit" somehow costs less than "no profit (government) or non-profit". And although it looks good to them on paper paying the "for profit" employees nothing so that the top management can "maximize" the profit to fill their own coffers, eventually the model fails to provide any value to the public as it is by its very nature, a money-losing venture for the public and a winner for the contract-holders.

Enthusiast

(50,983 posts)
24. No matter what Republicans and corporatist Democrats say, privatization is always a bad deal
Thu Apr 2, 2015, 08:37 AM
Apr 2015

for the citizens of a state. Just like, way after the fact, we will come to the conclusion that the privatization of education was a horrible idea. Well, many of us know it already.

liberal N proud

(60,348 posts)
26. The problem with privatization is that it must be profitable
Thu Apr 2, 2015, 09:17 AM
Apr 2015

Most public services are not profitable! That is why they are provided by the government.

When will these ass-clowns figure this out!



 

oberliner

(58,724 posts)
27. Good
Thu Apr 2, 2015, 09:37 AM
Apr 2015

Relying on the lottery for state funding is more than slightly problematic.

I daresay it is immoral for the state to try to convince poor people to buy lottery tickets.

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