National Lottery Needed for Balancing Our National Budget
Establishing a National Lottery in the United States is the best course for Congress and the President to take, that will raise money to help meet the budget.
Dec. 17, 2012 - PRLog -- National Lottery is the best course for the United States to help meet the budget.
It has already been proven by the States that lotteries bring in big revenues and there is no reason why it will not work for the U.S. Government. The UK and Mexico have a national lottery.
However, there is a better and low cost way to administer it, and that is by using the internet. People willing to play can make a deposit to the Treasury or other designated place and then the money will be automatically withdrawn as they select their numbers.
Prizes should be awarded different than those provided by the States.The top prize for obtaining six numbers,should be limited to ten percent of the total amount available. The balance should be pro-rated to those picking 5, 4 and 3 numbers. These payoffs will be more attractive to the players. Also, there should be no roll-overs, meaning entirely disbursed at each drawing event. Legal lotteries appear to be a hidden tax but people apparently do not mind paying it. Many Americans are gamblers and will spend their money one way or another on other gambling sources.
And since wealthy people do not need more money and are not likely to participate much, they should have their income tax rate raised to help the Government and the economy. Most lower and middle income families winning money from the lottery will generally spend it which helps to improve the economy.
What we need to do now is convince our President and other Government leaders to consider establishing a National Lottery. I am asking people that are interested in helping our Government solve the financial problems to contact President Obama, your House Representatives and Senators and ask them to consider setting up a National Lottery.
Congress and the President cannot seem to agree on a sensible solution for establishing a budget or how to start reducing the deficit. This proposed method of raising money by National Lottery, will also go a long way towards helping improve our economy. In view of our financial crisis and to help prevent a deep recession, it is time for We - The People to step up and take whatever action we can to keep our great country from becoming another Greece. Any comments on why a National Lottery cannot be established or questions regarding this matter can contact the author.
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