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Budget, horse racing. Budget, horse racing

by: simonstl

Wed Dec 08, 2010 at 09:05:38 AM EST


It grows more and more painfully clear that legislators go to Albany not to run a government, but to manage New York's most critical industry: horse-racing and associated wagering.

At a time when the state's finances look dire, the legislature seems far more obsessed with bailout proposals for New York City's Off-Track Betting, just as they did with NYRA and a wide variety of similar high-profile racing issues.

I think back to Joe Bruno's horse-breeding deals, to the complete disaster around racinos at Aqueduct, and decades of similar nonsense.

I like watching horse races - a company I worked for used to take its annual picnic at Belmont. I do not, however, think our legislature should be spending its time dreaming about the track.

Instead of withholding legislator salaries until the budget is done, here's a different proposal. If the budget isn't complete by May 1st, all horse-racing tracks and their associated businesses (including OTB) will stay closed for the year.

Sorry, Triple Crown, sorry Saratoga, and sorry everyone else this might affect. New York State's addiction to the track needs to end.

simonstl :: Budget, horse racing. Budget, horse racing
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Makes your blood boil? Well I should say. (4.00 / 1)
I found Liz Krueger's commentary on this to be extremely insightful and lined up well with my own views.  It is exceedingly silly that New York is as tied into the horseracing industry as it is, and over the long run there is a clear and obvious structural problem here.  But in the short run, we're talking about a good chunk of decent paying jobs that are sadly relying on state funding for their existence.  I do think the preoccupation with this issue has been somewhat insane but on the whole, I want to see state government bail out OTB in the short-run and figure out a divestment plan over the long run.  

Nah. (4.00 / 1)
I'm glad that they didn't.  The very idea of having to "save" a gambling hall from demise is absurd.  If gambling halls go out of business, that is good.  Specualtion is a non-productive vice that saps the energy of the economy.  If we want to save the jobs, re-purpose them into something different-- and useful to society.

[ Parent ]
One weird vote (4.00 / 1)
Frank Padavan has long been a staunch opponent of gambling in any form.  Yet he voted yes on the bill to bail out OTB.  Go figure.

Gambling... (0.00 / 0)
...is fucking stupid.

And that's all I have to say about that.


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