Re: London 2012 Summer Olympics
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Joined: Aug 2009
Posts: 6,015
axiomite
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axiomite
Joined: Aug 2009
Posts: 6,015 |
A news report Montreal's 1976 Olympic debt. It was to be paid off with cigarette tax by 2006. But, bans on smoking extended the expected time frame. The roof of the $1.5 billion sports complex where the Olympics was held has collapsed twice. I hope it never comes to my town.
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Re: London 2012 Summer Olympics
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Joined: Feb 2006
Posts: 6,471
axiomite
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axiomite
Joined: Feb 2006
Posts: 6,471 |
I think the problem is government deficit spending, which fundamentally undermines the market economics angle. There's nothing "we can't afford". And the ego wants to afford the big party. I hear ya. I hate when we send people to Washington who can't even manage their own finances and then give them the government's checkbook and credit cards. TAM, I hear ya, too. The Tom/TAM Club. Wasn't that the new wave side project that Negative Orange's rhythm section started in 1981?
Bears, beets, Battlestar Galactica.
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Re: London 2012 Summer Olympics
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Joined: Sep 2011
Posts: 1,767
connoisseur
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connoisseur
Joined: Sep 2011
Posts: 1,767 |
medic:
I don't really know. Tom is my first name & TAM is my initials...
TAM (or is that Tom?)
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Re: London 2012 Summer Olympics
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Joined: Sep 2008
Posts: 4,116
connoisseur
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OP
connoisseur
Joined: Sep 2008
Posts: 4,116 |
I have a thing for Logan Tom...
I’m armed and I’m drinking. You don’t want to listen to advice from me, amigo.
-Max Payne
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Re: London 2012 Summer Olympics
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Joined: Jun 2007
Posts: 4,357
connoisseur
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connoisseur
Joined: Jun 2007
Posts: 4,357 |
The only ones that truly gain from the Olympics are multinational corporations. It's just a corporate money making machine. And that doesn't translate into profit for the proletariat. link There are strict restrictions on what local shops are allowed to sell - link . The empty seats fiasco - link. During the ticket pool, thousands were held specifically for corporate sponsors. Most ended up not being purchased, and many Londoners etc. were SOL. And then there's the medals that come from a massive polluting mine in Utah - link . For stuff that I enjoy, I just try to maximize my enjoyment out of it. Amen to that. And for stuff that I don't enjoy, I try not to dwell upon it. I always think at who's and what's expense is my enjoyment coming from. I do so firstly because we should, and secondly because if I was living in a cardboard box beside a temporary million dollar structure, I'd like to think people would consider my well-being. Unfortunately this isn't the case, but SHOULD be.
The only reasonable argument for owning a gun is to protect yourself from the police.
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Re: London 2012 Summer Olympics
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Joined: May 2002
Posts: 915
aficionado
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aficionado
Joined: May 2002
Posts: 915 |
I don't care about the politics either. It's the outrageous expenditures of taxpayer funds that have to be borrowed and/or printed to pay for these events that bothers me. Case in point, Montreal finally paid off their $1.5 billion debt for the 1976 Olympic Stadium in 2006 - 30 years!! It takes many people 30 years to pay off their mortgage too. Probably not relevant to the topic...just sayin'.
M60s VP150 QS8s Marantz SR6003 Samsung LN52B550 Oppo DV-980H Insignia NS-WBRDVD
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Re: London 2012 Summer Olympics
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Joined: Jun 2007
Posts: 4,357
connoisseur
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connoisseur
Joined: Jun 2007
Posts: 4,357 |
Hi Mary !
The only reasonable argument for owning a gun is to protect yourself from the police.
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Re: London 2012 Summer Olympics
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Joined: Apr 2003
Posts: 16,441
shareholder in the making
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shareholder in the making
Joined: Apr 2003
Posts: 16,441 |
It takes many people 30 years to pay off their mortgage too. Probably not relevant to the topic...just sayin'. That's a really great perspective, Mary. Not many people would say going into debt to buy a house is an outrageous expenditure. The one this I've learned from this forum is that there is a healthy diversity of political and social opinion. Even though I disagree with many opinions, hearing them makes me think and often evaluate my own POV.
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Re: London 2012 Summer Olympics
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Joined: Jun 2007
Posts: 4,357
connoisseur
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connoisseur
Joined: Jun 2007
Posts: 4,357 |
We do choose to purchase a house and assume a mortgage. We don't have a say in where our dept creating tax dollars go.
Purchasing a house and going into dept shouldn't be considered an outrageous expenditure. Try telling that to a homeless person.
The only reasonable argument for owning a gun is to protect yourself from the police.
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Re: London 2012 Summer Olympics
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Joined: May 2002
Posts: 915
aficionado
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aficionado
Joined: May 2002
Posts: 915 |
We do choose to purchase a house and assume a mortgage. We don't have a say in where our dept creating tax dollars go.
Purchasing a house and going into dept shouldn't be considered an outrageous expenditure. Try telling that to a homeless person. Very true, Cam! I was just making a point that sometimes 30 years doesn't seem that long when it comes to paying off debts.
M60s VP150 QS8s Marantz SR6003 Samsung LN52B550 Oppo DV-980H Insignia NS-WBRDVD
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