Thursday, June 17, 2010

Phew! Stimulus Saves A World At Play

Okay look, if you rake in $1.3B in annual revenue, you don't need another $54M from the taxpayers, mmmkay?
The Mohegan tribe, which owns the Mohegan Suncasino in Uncasville, Conn., has been awarded a $54 million loan from federal stimulus funds.

The tribe runs the sprawling Mohegan Sun casino, halfway between New York City and Boston, which earned more than $1.3 billion in gross revenues in 2009. Each tribe member receives a cut of the profits, a number a tribal official said was "less than $30,000" per capita per year. The stimulus money is a loan from a U.S. Department of Agriculture rural development program that is meant to help communities of less than 20,000 people that have been "unable to obtain other credit at reasonable rates and terms and are unable to finance the proposed project from their own resources."

Not that I really expect any less from Leiberman and Dodd, but... cmon guys!  At a time when every excessive dollar spent by the government is heavily scrutinized, they should know better than to pull this kind of crap.

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