Chris Dodd’s connected to this, so you just know it’s on the up-and-up:
With the support of Sen. Chris Dodd, D.-Conn., the federal government has awarded $54 million to Connecticut’s politically well-connected Mohegan Indian tribe, which operates one of the highest grossing casinos in the U.S.
The tribe runs the sprawling Mohegan Sun casino, halfway between New York City and Boston, which earned more than $1.3 billion in gross revenues in 2009. Each tribe member receives a cut of the profits, a number a tribal official said was “less than $30,000” per capita per year. The stimulus money is a loan from a U.S. Department of Agriculture rural development program that is meant to help communities of less than 20,000 people that have been “unable to obtain other credit at reasonable rates and terms and are unable to finance the proposed project from their own resources.”
That’s the beauty of the government… they lose our money gambling for us so we don’t have to take the time to do it ourselves. I’m sure Dodd’s excuse will be that Peter Minuit ripped off the indians for Manhattan so this is merely “fair” payback.