Giant sculpture of Obama's head is coming to Pearland

[4evryoung]

Texas Cowgirl wrote:

Between the school children singing his praises, and his expensive trips everywhere and now he and the wifey are on their way to make sure that the next games are held in Chicago. That will be a money making deal for he and his buddies if it works?
<quoted text>

With our current economy in the sh!tter you're complaining about the President campaigning for something that will be a boom to not just Chicago and Illinois' economic future but to the entire country's. Seriously just get over it. He's the president for the next 3 or so years and hopefully for the 4 after that.

[A Southern Gentleman]

4evryoung wrote:

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With our current economy in the sh!tter you're complaining about the President campaigning for something that will be a boom to not just Chicago and Illinois' economic future but to the entire country's. Seriously just get over it. He's the president for the next 3 or so years and hopefully for the 4 after that.

It takes money to make money, and that statement even applies to hosting the olympics. The PRC spent close to $60 billion dollars to prepare for the 2008 Summer Olympics and only made about $30 million off of it. People also forget that countries usually divert money and resources to put into an olympics budget. So who knows what they'll pull from for the olympics budget?

Olympic hosts also have a habit of spending beyond their planned budgets. Again, the PRC spent close to $60 billion, but only budgeted $1.6 billion. Four years before, Greece also budgeted $1.6 billion, but ended up spending $16 billion. It took Canada more than 30 years to pay off it's debt from the 1976 games in Montreal. England originally planned to spend only $8 billion for the 2012 summer games, but the current estimate is $19 billion and climbing.

Chicago currently estimates that hosting the 2016 Summer Olympics will cost $4.8 billion; that's a big amount to start a climb from, especially for a country in a bad recession. Also, I'm pretty sure the fact that the US is deep in debt is reason enough to not risk digging the grave even deeper. Illinois is near bankruptcy and hosting the olympics will drain a lot more money than it will bring in, thereby hurting the state and country as a whole even more.

In my opinion, of all the places in the US, Chicago is pretty low on the list of places I would host the olympics. I honestly doubt he'll get it by any honest means anyways. I would love to see the Summer Olympics hosted here in the US again, but the cost far outweighs the benefits and we just can't afford that right now.

[Texas Cowgirl]

Agree, my point exactly. Thanks for your input!

A Southern Gentleman wrote:

<quoted text>
It takes money to make money, and that statement even applies to hosting the olympics. The PRC spent close to $60 billion dollars to prepare for the 2008 Summer Olympics and only made about $30 million off of it. People also forget that countries usually divert money and resources to put into an olympics budget. So who knows what they'll pull from for the olympics budget?
Olympic hosts also have a habit of spending beyond their planned budgets. Again, the PRC spent close to $60 billion, but only budgeted $1.6 billion. Four years before, Greece also budgeted $1.6 billion, but ended up spending $16 billion. It took Canada more than 30 years to pay off it's debt from the 1976 games in Montreal. England originally planned to spend only $8 billion for the 2012 summer games, but the current estimate is $19 billion and climbing.
Chicago currently estimates that hosting the 2016 Summer Olympics will cost $4.8 billion; that's a big amount to start a climb from, especially for a country in a bad recession. Also, I'm pretty sure the fact that the US is deep in debt is reason enough to not risk digging the grave even deeper. Illinois is near bankruptcy and hosting the olympics will drain a lot more money than it will bring in, thereby hurting the state and country as a whole even more.
In my opinion, of all the places in the US, Chicago is pretty low on the list of places I would host the olympics. I honestly doubt he'll get it by any honest means anyways. I would love to see the Summer Olympics hosted here in the US again, but the cost far outweighs the benefits and we just can't afford that right now.

[A Southern Gentleman]

Texas Cowgirl wrote:

Agree, my point exactly. Thanks for your input!
<quoted text>

My pleasure.:)