Posted by guest blogger, BroKen.
Apparently, they didn’t get it done. The legislature is going back to Frankfort to try again.
The issue the governor used to call the special session which starts next week was a projected budget shortfall of about one billion dollars. It seems the legislators in February didn’t feel the shocks in the economy that we’ve all been experiencing for the last nine months. Perhaps they wrote their budget while wearing rose-colored glasses. So, now the governor says they have to try again to fill a billion dollar gap.
But a lot of people think that the REAL reason for the special session is to try to pass laws which would allow video gambling at race tracks around the state. The argument goes like this. Horses are being attracted to racetracks in other states which have larger purses. Those large purses come from other forms of gambling allowed in those states. In order to compete, they say they have to have more gambling like video poker or video slot machines. The income from those machines would allow larger purses for the horse races and “save the horse industry in Kentucky.” Hurray!!
But they (the racetracks around Kentucky) also say they would spend about 1 billion dollars to buy the machines and renovate their tracks to make room for them. Wow! They will spend a billion for video poker but not spend that money to raise the purses in order to attract better horses. Seems to me that a billion dollars might be enough for the horse industry to save itself.
Now, back to that other billion dollars; the shortfall in the budget. Did you know that Kentucky is supposed to receive about three billion dollars from the federal stimulus package? I am no economist but it wouldn’t seem too hard to stretch three billion dollars over a one billion dollar gap. But the governor needs the legislators to help him do that. At least they will try again.
You’ve got to give them credit for persistence. The governor says that the lawmakers didn’t get the budget right. So try, try again. The horse industry is determined to get more money from poor slobs who believe the lie that anyone can win (might as well be me!) So, if they keep the purses low, they can make it appear that they need more forms of gambling. They have the money to raise purses all by themselves. But no, they want to spend that money on video slot machines. They haven’t been allowed to yet, but they are going to try, try again.
Yet here is an idea that hasn’t been tried yet. If those in Frankfort are really concerned about Kentucky money going to other states through gambling, then why not authorize the attorney general to sue those states (or the casinos) on behalf of the poor slobs who have lost their homes through gambling debts. That’s something I’d like to see them try.











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