This is Neoliberalism part 791

oh jeebus, oh jeebus. we’re gonna be living off lotto proceeds, kids. lotto proceeds!

from le financial times

Arnold Schwarzenegger is looking to California’s lottery to solve the state’s budget crisis and wants to raise billions of dollars by selling bonds backed by future profits from the game.

With the slump in the property market and an economy that is nearing recession, the governor revealed on Wednesday that state revenues had fallen $6bn, leaving California facing a projected deficit of $24.3bn.

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One Response to “This is Neoliberalism part 791”

  1. jen Says:

    I wish he would have stayed a kindergarten cop.


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