Politicians and private donors alike wanted something "lasting" – and with their names on it. Grants were denied to endowments for upkeep. So-called business plans were not worth their weight in paper, let alone the fees charged by their mendacious consultants. The lottery became a breeding ground for white elephants, the bills to be sent later to local councils or Whitehall.
Has Lottery funding become a breeding ground for White Elephants? Watch
- Thread Starter
- 24-07-2009 01:35
- 24-07-2009 14:27
Throwing money at something with no consideration whatsoever of returns leads to large costs and losses?
That may be news to Guardian readers, but the rest of the country worked it out centuries ago.Last edited by L i b; 24-07-2009 at 14:29.
- 24-07-2009 14:33
The lottery squanders huge ammounts on useless projects which will never go anywhere, which is one of the reasons I refuse to play (and something like only 50% of the money gambled is actually win-able!).
I'm not saying that they don't spend alot of money on very worthy causes though.