Politicians Ruin Local Economy
Casinos were indefinitely closed in Atlantic City today, until politicians can decide how to fill a $4.5 billion budget deficit. Basically thousands of people are going to be out of work and many small businesses will suffer. Of course, the casinos are estimating a daily loss of around $20 million and the state loses around $1.3 million in lost taxes per day!!!
What better way to solve a budget deficit? Just close down the town and drive the tourists out!
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July 5th, 2006 at 9:58 pm
Yep, no money, send employees home, don’t have to pay them thus saving money by not spending theirselves deeper into debt. The federal Government has shut down a few times, almost always for only 1 day though.
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after reading another blog, I posted a suggestion on my blog to correct NJ’s money woes.