Skip to main content

View Diary: NJ Casino Declares Bankruptcy In 10 Months, Gov. Christie's Bad Bet Will Cost Taxpayers Millions (184 comments)

Comment Preferences

  •  I didn't say that the (0+ / 0-)

    money was lost.

    I was asking why there were no definite figures as to how much public money had been spent already on the project - the diary is a bit unclear.

    As to the credits and pledges, well, those don't appear to have kicked in yet.

    The banks have a stranglehold on the political process. Mike Whitney

    by dfarrah on Fri Feb 22, 2013 at 07:17:21 AM PST

    [ Parent ]

    •  because it hasn't been added up (0+ / 0-)

      no one really knows right now

      who knows how much is being withdrawn from worker's paychecks as state income tax but not disbursed to the state but rather back to the casino? highly doubt anyone has added that up, along with all the other such amounts, like property tax rebates -which have yet to be paid

      "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

      by eXtina on Fri Feb 22, 2013 at 01:52:35 PM PST

      [ Parent ]

    •  Money Is Lost (0+ / 0-)

      You don't seem to understand that NJ sold dozens, perhaps hundreds of $millions in bonds to cover the property tax credits. That is real cash - with interest - that NJ actually has to repay from taxes, cash NJ has lost. Without the casino bringing any benefit to justify the expense.

      "When the going gets weird, the weird turn pro." - HST

      by DocGonzo on Fri Feb 22, 2013 at 04:28:47 PM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site