Open Your Wallets Again, Arizona
From a reader comes this story of Arizona looking to the public trough to get funds to lure another SuperBowl. I can say from experience now that Superbowl week is made up mostly of private corporate and celebrity parties that the unwashed locals like myself are either a) not allowed to attend at all or b) can attend only by ponying up $1000 or more. Not being resentful or a leftist, I couldn't really care less about the parties being near by. However, my opinion changes real fast if my tax dollars are required to pay for them:
Super Bowl organizers will try to nail down another big game for Arizona, possibly as early as 2012.
But for the state to stay competitive, taxpayers need to shoulder the
majority of game costs, organizers say. And the organizers plan to
lobby for legislation to accomplish that.The weeklong celebration culminating with Sunday's Super Bowl XLII cost
the local Host Committee about $17 million. The private sector,
including such big contributors as the Fort McDowell Yavapai Nation and
the Thunderbirds, bankrolled more than 80 percent, while state and
local agencies chipped in the balance.But with a slumping economy making fundraising a challenge, the Arizona
Super Bowl Host Committee, the Arizona Cardinals organization and
Valley business leaders want see that ratio reversed, with public
dollars financing the bulk of the effort.
Don't you love the last sentence? An exactly equivalent way to state this is "people have other priorities for their own money and refuse to give it up voluntarily, particularly in difficult economic times, so we need the state to take it by force."
No one yet knows how much this year's Super Bowl will fatten state
coffers, though organizers project the game created more than $400
million in spending. An economic-impact study won't be out for at least
a couple of months.
Bullshit. Every major economic study not conducted by the management of a professional sports team has shown nearly zero impact from such events. Here is the Seattle NBA team admitting they have no economic impact. Here is yet another economic study to the same effect.
Here is my challenge: Take the Phoenix-area GDP for this Jan-Feb, take out the growth trend line (which can be found in year-over-year comparisons of previous months) and then compare it to the GDP for Jan-Feb 2007. I bet you whatever you care to bet you cannot find an additional $400 million.
Payday Loan Advocate:
The Arizona Credit Union System (ACUS) would be extremely pleased if the payday advance companies in the Grand Canyon State were eliminated, but its opinion is certainly fueled by the success of its own commerce. The credit union is stepping up its lobbying efforts to overthrow the competition and acquire all the former cash advance customers. Part of the campaign includes a mass e-mailing effort that is projected to reach up to 1.6 million credit union customers. The ACUS will persuade voters to vote against Proposition 200. Proposition 200 supports organizations like the Arizona Community Financial Services Association that declares Proposition 200 will actually lower state loan fees, eliminate extensions by presenting accommodating payment plans, regulate Internet lending and reduce the amount of walk-in stores in Arizona. These impending reforms will further help payday loan customers, and the reforms will also allow industry employees to keep their jobs. No one can afford to lose his or her job in this turbulent economy.
Post Courtesy of Personal Money Store
October 20, 2008, 3:47 amProfessional Blogging Team
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