Casinos and Credit
The first casino, the Imperial Palace, in Biloxi, MS. is set to open its doors on Dec. 20, this year, followed by the Palace and Isle of Capri by the end of this month. Mississippi knows how much butter these places furnish for the state budget bread...It's a shame we Alabamians still haven't seen the light. The rant from the religious right is always the same and always far from the truth. For instance, they say the casinos cause a lot of bankruptcies. The truth is, bankruptcy (at an all time high last year, and probably this year too) is a product of the plastic card industry, making about 800 billion dollars a year off of...well, a piece of plastic, and casino folks bankruptcies are like a pea next to the proverbial elephant when it comes to bankruptcy. When you throw your money down the throat of a slot machine, you only walk out broke...Plastic, on the other hand, means you will be paying off forever, and that's why the banking industry is so hell bent on getting rid of greenbacks altogether. Merry Christmas, ya'll!