NATIVE U.S. TRIBES SEEK FEDERAL BAILOUTS TO OFFSET CASINO LOSSES

[Geee]

Breitbart:

The Mashantucket Pequot Tribal Nation, which owns the Foxwoods Resort Casino in southeastern Connecticut, is among federally recognized tribes that, although considered “sovereign nations,” are seeking increased revenues through grants from the U.S. government.

According to the Associated Press, the once billion-dollar Pequot casino empire has, in the past, distributed stipends of more than $100,000 annually to adult tribe members. Now, however, the Pequots join other gaming tribes, including nearby rival casino Mohegan Sun, in the pursuit of more federal aid. The pattern is getting the attention of those who opposed the law that allowed Indian tribes to develop casinos, since the law was promoted as one that would assist tribes in becoming financially self-reliant.

In 1988, Congress passed the Indian Gaming Regulatory Act (IGRA) which authorized casino gambling on Indian reservations and provided a regulatory and oversight framework for the industry in the form of the National Indian Gaming Commission (NIGC). The purpose of the law was to allow a means for tribes to become self-sufficient in developing their own economies.

[clearvision]

Where did $100K annually to adult tribe members go? I'm sure they saved it, invested in needed infrastructure, health care etc.

[Geee]

If we are supposed to bail them out when they don't make profits, does the government get a cut when they do? I don't think so.

[Valin]

If we are supposed to bail them out when they don't make profits, does the government get a cut when they do? I don't think so.

 

If I said To Big To Fail...would I get into trouble?

 

I would also point out many governors look to the reservations with Lust in their hearts. Example: you buy something (say cigarettes) on the Res the State doesn't get a cut. When Jesse was governor here he took them to federal court, and was slapped down.

 

 

Frankly the whole thing (the reservation system) is one giant fluster cluck.

Example: A number of years ago the city of Duluth Mn. sold the Sears Roebuck store to the Fond du Lac Band of Lake Superior Chippewa. So now we have a part of their reservation sitting smack dab in the middle of Downtown Duluth Mn.! I believe the City gets a cut of the action, but inside this building State laws do not apply, Tribal Law does...because its not part of the State of Minnesota.