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Reply #6: Gambling with O.P.M. [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
Kevin Cloyd Donating Member (104 posts) Send PM | Profile | Ignore Thu Apr-09-09 05:12 PM
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6. Gambling with O.P.M.

To take the gambling analogy a different direction, in a casino the games of chance are stacked in the house’s favor, black jack, roulette, slot machines all, over the long run, pay out less than they bring in. That’s why they use a six deck stack when dealing black jack, so really good black jack players who can count cards are rarely in positions where they have better odds than the house.

Here we have a case where the odds are stacked against the house, it’s like the black jack dealer had to deal his hole card face up and the players got their hole card face down.

For too long the Federal government has been spending O.P.M. OTHER PEOPLES MONEY.
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