Tenn. lottery scholarships outstrip revenue; day of reckoning looms

Comment #32

thudpucker — Sun, 27 Dec 2009 16:33:50 GMT

Well said Bashly. Risking it all is certainly stupid in a shooting war as well as in a Financial war.

Greed is Good! Its called Greed by the losers in the war on winning.

If you have money invested in a business, it's good that you watch what the people in control of your money are doing with it.

That's a long disertation, but its ourselves that let George do the watching, that cost us our money.

I better shut up now. I'll turn this into a Political forum in a hurry

Comment #31

bashley572 — Sun, 27 Dec 2009 15:11:52 GMT

Yea, that is part of the issue of why we had the meltdown in the financial industry. Most people know nothing about money. I am in the industry and it was very tough to understand what and why we had what we did. The root of everything was GREED. Back in the late 90's when they repealed the Glass Steagall act the idea was 'oh the principals of the company's would NEVER take on so much risk as to lose the company'. That was what was suppose to stop this from happening. Turns out basic greed took... [ More ]

Comment #30

thudpucker — Sun, 27 Dec 2009 13:36:46 GMT

I think AK uses your suggestion. One better, if you get your degree and work in the state for five years the loan is paid off.

That's all good ideas.

I'm still wanting those CEU's for people who just want to know more, or want new tools. Lets put an agreement on them as well.

If we finish the course and use it in this state for two years, the debt if forgiven. If not, you pay the debt back with interest on the length of the loan.

No free Education for prisoners! None ever!

PS: I w... [ More ]

Comment #29

bashley572 — Sun, 27 Dec 2009 13:24:15 GMT

Another good point. We are so focused on the 'degree' that we miss the point of education to 'step' people up. I am in banking and we used to have the American Bankers Association that would give us courses after work. They were great, but in the late 90's they disappeared. It used to be that you had to take those courses to move up in the bank but now its just about who you know.

I do have a good way to help 'weed-out' those who would not complete school. Make the money a 'loan' and it is fo... [ More ]

Comment #28

thudpucker — Sun, 27 Dec 2009 12:25:41 GMT

I dropped out of Engineering because I had to work to eat. School was way out of my 'entry level job' budget.

If I had found some body to pay at least a large enough portion of my school expenses, so I only had to work three days a week or so, I might have made it.

Today, I'd starve all prisoners to death, in order to make school money available for kids who want more education.

Thats one good way to avoid so much crime in the future.

What about us older guys who'd like to change voc... [ More ]

Comment #27

bashley572 — Sun, 27 Dec 2009 12:01:41 GMT

You are EXACTLY right with 'checking who actually graduates'. There is a non-government program starting here in CNY to fund kids going to college and they are saying that ALL kids should now be able to go to college. Problem is when you take away the 'cost' of the education then many students will 'try' but then since they have nothing invested they will drop out and not finish.

I think they should fund more basic programs while students are STILL in high school. If you make sure you reduce... [ More ]

Comment #26

thudpucker — Sun, 27 Dec 2009 03:05:12 GMT

There is no reason to think TN is cheating!

Go ahead and play. If I get a ride up there, I'll play.

Comment #25

rdgrnr — Sun, 27 Dec 2009 00:34:19 GMT

Don't give up tnwinner.

TN can't rig the Powerball. Keep a buck in there, you never know.

Comment #24

tnwinner — Sat, 26 Dec 2009 21:12:27 GMT

i agree 100 percent i have quit playing

Comment #23

thudpucker — Thu, 24 Dec 2009 21:51:30 GMT

We found the heavier balls wouldnt go down. So only the lighter balls might count.

I think too many people would have to be bribed to keep something like that quiet.

Comment #22

TnTicketlosers — Thu, 24 Dec 2009 18:17:36 GMT

Coats of paint put on a ball.

Comment #21

thudpucker — Thu, 24 Dec 2009 16:39:08 GMT

I dont believe that. I dont think you can screw up the pingpong balls.

As well as the theory of how many payoffs the state would have to make to ensure that 'cheating' information would not leak!

Years ago a two of us went up to the bingo parler and experiemented with 10 ping pong balls. Zero through Nine.

We messed around up there with three balls as well.

You just cannot predict the drop of the ball. No one ball dropping has any relationship to the last or the next.

The numeral... [ More ]

Comment #20

Stack47 — Thu, 24 Dec 2009 14:58:03 GMT

I think I was standing in line behind one of the Tennessee Lottery scholarship fund directors at Wal Mart yesterday. They had a cart full of stuff but didn't have enough money to pay for it so they started giving back some of the items.

What I don't understand is why would the Tennessee Lottery scholarship fund say they would distribute an actual amount of money based on projected lottery profits. But then again we are talking about state legislators that believe Rebecca Hargrove is the best... [ More ]

Comment #19

TnTicketlosers — Thu, 24 Dec 2009 11:56:22 GMT

Even if they did go back to ball drawings ,they would rig that too..No one is going to do anything about Tn Lottery.

Comment #18

thudpucker — Thu, 24 Dec 2009 09:53:57 GMT

I wish TN had a subscription too. It cost's me $27 in gas to make a lotto ticket trip.

Now that they dont use Ping Pong balls any more I think I'll stick to the states with subcriptions that use 'natural' drawings.

Comment #17

myturn — Thu, 24 Dec 2009 08:04:47 GMT

The Tennessee Lottery could raise additional revenue if the has a subscription service. I have just checked it's website and they don't offer a subscription service. If they did have one I would subscribe.

I read of it's site, More Than $1.5 Billion Raised For Education! , which is very impressive.

I was also thinking that recipients of scholarship awards should contribute to the scholarship program. I still donate to my college every year to assist current and future students; w... [ More ]

Comment #16

pumpi76 — Wed, 23 Dec 2009 18:11:43 GMT

i agree with adamc and thudpucker...

Comment #15

thudpucker — Wed, 23 Dec 2009 06:44:49 GMT

To enhance Lottery sales, the very best thing TN could do is pick $Million Dollar winners! Forget the one winning ticket curse!

Pick a ticket for each Million in the pot.

They are giving away the same amount of money to more winners. It seems like that's more money in circulation etc.

I liked the Ping Pong Balls too. What the heck was wrong with that

Comment #14

TnTicketlosers — Tue, 22 Dec 2009 19:24:13 GMT

Wildwood Exit is where I go...Give it a try.

Comment #13

adamc224 — Tue, 22 Dec 2009 18:48:45 GMT

I have had the same luck... it is simple, people win, they tell people... who then go and spend money. they win and they tell people that they won... ETC ETC, but the people that run the show see it as people that don't win still feel like they have done a service to the community by spending their hard earned dollar to a lottery that doesn't give a snip about what people think because somehow they will purchase a ticket with worse odds then dying of the common cold. when the news of the hubbard... [ More ]

Comment #12

pcurtis — Tue, 22 Dec 2009 16:19:43 GMT

Amen to that MADDOD10. Even on the scratchers.

Yesterday i bought 20 2 dollar jumbo bucks and had

3 winners all of them tickets.

She needs to go.

Comment #11

pumpi76 — Tue, 22 Dec 2009 15:58:44 GMT

Not only that TN CANT SEE MANY THINGS..They cant see that there is: RANKINGS among the 50 states + there is human feautures ranking among Americans and among None Americans...Again is not only that but is: MANY MANY MANY things TN can t see...

Comment #10

rdgrnr — Tue, 22 Dec 2009 04:46:31 GMT

That would make too much sense, Todd. I think we'd be more likely to see them start a state income tax to cover their habit of spending way more money than they take in. Of course they'll have to start increasing that right away too when they spend more than that brings in. And so on and so on and so on. I wonder if these guys balance their own checkbooks and spend like drunken sailors with their own money like they do with the people's. It's time to clean house in Tennessee. We have a statehous... [ More ]

Comment #9

MADDOG10 — Tue, 22 Dec 2009 04:01:44 GMT

Well,

If they got rid of Rebbecca Horrorgrove, and went back to ball drawings they wouldn't have to worry about their situation....

Comment #8

pumpi76 — Tue, 22 Dec 2009 03:48:46 GMT

i feel they should have the weekly grand lotto instead of the TN Pick5...

Comment #7

pumpi76 — Mon, 21 Dec 2009 18:13:53 GMT

that s right tennesse has one of the hardest lottery in the USA..For the kind of state that it is i am very surprise...Look i dont live in TN so i am not able to follow the Pick5 closely everyday but the Pick5 doesnt get as high as it should be and the scratchoffs are not what they should be...Tennesse doesnt even have Win For Life or Weekly Grand which it should have...there is a handful of games that it doesnt have and it should have, i dont talk about TN because California has a higher priori... [ More ]

Comment #6

savagegoose — Mon, 21 Dec 2009 17:16:54 GMT

omg imagine that lose money running a lotto. They should hand control over to a few people in here, cant do any worse. wouldnt a plan of paying next years scholarships from this years profit be a more sustainable way? guess im to naieve for high finance.

Comment #5

Todd — Mon, 21 Dec 2009 17:09:51 GMT

Wow, they charge more than a Platinum membership at Lottery Post just to get their in-state lottery results? That's really lame.

Comment #4

x1kosmic — Mon, 21 Dec 2009 16:53:40 GMT

I tried to call the FREE hotline on the phone to get past draw numbers Saturday,

They want to charge $9.99 a month for that now,

I guess thats one way to raise Money.

I wonder if other States do that

Comment #3

Todd — Mon, 21 Dec 2009 16:45:11 GMT

Tennessee needs to get rid of the computers and go back to real drawings.

Comment #2

TnTicketlosers — Mon, 21 Dec 2009 16:07:24 GMT

Dito,And they wonder people dont play..They will never compare ,it is a losing battle.And they wonder why.People I work with talk about it all the time...700 people I work with.3 shifts....They wont play ..They see to many lose...And I agree with them..We have a standing agreement on my shift.Thats bad.

Comment #1

Littleoldlady — Mon, 21 Dec 2009 15:56:14 GMT

If Tennessee would make their games more player friendly they might not have a shortfall. While they are checking, they need to see how many of these students got the TN Lottery education grant who have since dropped out of college. Might shake up their numbers a bit. The board only uses the numbers of the current projections..surely someone is checking upon how many have become academically unqualified or who have dropped out. Ya Think

Tenn. lottery scholarships outstrip revenue; day of reckoning looms

Lottery Post — Mon, 21 Dec 2009 14:54:58 GMT

A day of reckoning is coming for students and parents over Tennessee's lottery scholarships that could result in tightened eligibility, reduced scholarship awards or both.

After more than five years of steadily expanded eligibility and grant amounts, the annual cost of the program is outstripping the net revenue produced by the lottery.

If no action is taken, that funding gap is now expected to overtake the lottery reserves some $385 million built up in the lottery's booming early years an... [ More ]