EVERY GREEDY MOTHER IS LOOKING FOR A SCAM! Everybody wants a piece of the pie!
Thieves are gathering ….. using gambling, to justify controlling the internet, Barney Frank (of Freddie Mac and Fannie Mae fame) is sponsoring a bill HR2267 to take control online gambling.
Barney Fife, oops; sorry, …. I meant, “Frank,” the chairman of the House Financial Services Committee is leading the charge …. It passed overwhelmingly 41-22 out of committee last week, advancing the legislation to the House floor, where it hopefully will be voted on before the end of the 2010 session. If it gets that far, it will be the deepest penetration of online gaming law at the federal level in history.
Calling it “good news”, and claiming “this is significant progress,” Michael Waxman of the Safe and Secure Internet Gambling Initiative stated “Last week’s vote showed the bi-partisan support is there.” (Sure it is Michael; we never said either side was without crooks!)
HR 2267 has the potential to open an enormous revenue stream in an era where cash is badly needed at all levels of government.
Assumption: that the gambling will be run by those who want more taxes, and have looted Social Security and other programs, ….. should voters question the ethics of those who want more power and more money?!? (Well, DUH!)
The Congressional Joint Committee of Taxations concluded that regulated online gambling could generate $42 – $70 billion in revenue over the first 10 years of HR 2267 implementation at the federal level, but that was assuming there would be no cheating!
Anybody trust those in D.C. to deal you anything other than a losing hand? And don’t forget …… Barney Frank, that representative who allowed his “gay boyfriend” to run a brothel out of his house, ….. and was part of the Fannie Mae and Freddie Mac meltdown, that led to the Stimulus Payoffs to banks and others …… he too will be needing a job after this coming election. This is a ready-made opportunity for him ….. AND he’s making it ready!
You know there must be something glutonously askew when industries come to DC and clamor “here; tax me …. Tax me!” For the story, see: http://www.mysanantonio.com/sports/On_Poker_Federal_online_gambling_legislation_clears_big_hurdle_99993654.html?showFullArticle=y