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Jon Fleischman

Failed US Olympic Bid Lets Taxpayers Off The Hook

You have to wonder about the political dynamic of President and Mrs. Obama traveling to Europe to personally pitch and lobby for the Unites States to host the 2016 Olympic games in the President's home city of Chicago.

The news that the US was not chosen to host the 2016 games was bad enough (politically), but to be eliminated early in the process…

So… Either the President knew Chi-town was out, but felt he needed to show the colors (lest not being chasen be layed at his feet) or he didn't know and that is sad.

Either way, it is good news for taxpayers in Chicago, Illinois and perhaps the country. You see, at some point, the International Olympic Organizing Committee put an outrageous requirement into place that the host country's GOVERNMENT has to indemnify the IOOC against an Olympic Games that loses money. That's right — if an Olympic Games hosted by the U.S. loses money, taxpayers are on the hook! The people of Greece are still reeling with the debt absorbed by their government because the Olympics in Athens in 2002 lost money.

On a side note, as someone who likes to attend Olympic Games around the world, it's much more enticing to travel abroad than to have the games here at home.

One Response to “Failed US Olympic Bid Lets Taxpayers Off The Hook”

  1. soldsoon@aol.com Says:

    Marie Antoinette was bored and feeling bleu….

    She gathered her faithful party goers and announced a contest….form teams and the team who builds the best castle wins the contest and will have a huge grand party and ball.

    They went through the countryside…raiding for food, supplies, timber, rock,trades people in a dash to build the best castle. They made “lots of local friends”.

    The French Revolution soon followed….

    Cap and Tax, a communist health care plan, bank takeovers, car manufacturers building YUGOS, corrupt pervert czars scheming away, greenhouse nuts covorting at all levels of government.

    “The locals are not friendly”.