Governor Easley has bet much of N.C.’s education system on a lottery that doesn’t seem to be paying off. Our own Bob Luebke has an N&O piece on why trying to fix the lottery is not just bad fiscal policy, but bad public policy. The money:
"There is much not to like in this new lottery law. It’s ill-conceived and does little to address the reasons why lottery revenues have failed to meet expectations. Those realities may go a long way in explaining why the governor had the lottery provisions inserted in the budget bill at the last minute and voted on without going through the full legislative process of committee hearings and debate in each chamber.
The lesson remains that same: Betting on the education lottery is a gamble we are all sure to lose."