Gubmint vs. Private

Yesterday we looked at the jobs created by the gubmint so I figured today we could take a look at how these jobs impact things. I felt that yesterday was a little light so I’m hoping today to sort of continue the thoughts and elaborate a bit. We looked at how the gubmint makes its money by taxing Americans so let’s make a scenario where the gubmint is out to make a profit.

There are actually several good examples of the gubmint doing just this. One that comes to mind was discussed on, I believe Beck or Boortz, the other day. If not it was one of the usual suspects, anyway it is the off track betting in New York. It was the day before the Belmont and one of the radio guys was talking about it and apparently the State runs all off track betting in New York. So basically it has a monopoly as well. Seems like they should be able to clean up right?

Now this would be a perfect example of the gubmint in the market place. They are providing a service and it is in demand. It’s a real business, they just need to rent a place and put in some phones, lights, furniture, maybe some TV’s and they’re ready to go. All they have to do is just take the bets and pay out winnings. Nothing too involved, and they get a cut for their service. Sounds like a cash machine doesn’t it?

Well, my major objection to gubmint being in business has been averted due to their monopoly. I don’t believe our gubmint should be competing with the very people who pay their salaries. So that’s not an issue here but it would be in any scenario where gubmint competes with tax payers. It would be like GM taking Ford’s money to operate don’t you think? Oops, did I say that?

So, after all this. One of the easiest businesses to run in the history of the world, low overhead and a monopoly, what has the gubmint done. They’re bankrupt. That’s right. They owe eighteen million to the racing commission and twenty million to some track in Yonkers and they have just announced that they are not going to pay.

What are you going to do? Until next time, screw environmentalists.

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