Tags: Tobacco | Settlement | Money | Not | Going | Anti-Smoking | Programs

Tobacco Settlement Money Not Going Anti-Smoking Programs

Friday, 12 August 2005 12:00 AM

But California "has hardly been alone in turning future income from the deal into immediate cash – at a large loss," IBD reports.

According to the General Accounting Office, Kentucky spent $271,750 of its tobacco money on improving the prawn industry, and North Carolina spent $100,000 on "motorsports research."

IBD warns: "The grubbers are probably done with the tobacco industry. That cow's been milked about dry. The next victims will probably come from the ranks of fast-food chains, meat producers or gun makers (which some in Congress are trying to shield from voracious liability lawyers).

"Once the lawyers and politicians who fleeced Big Tobacco target another industry, it'll be more than just smokers who'll get burned."

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But California "has hardly been alone in turning future income from the deal into immediate cash - at a large loss," IBD reports. According to the General Accounting Office, Kentucky spent $271,750 of its tobacco money on improving the prawn industry, and North Carolina...
Tobacco,Settlement,Money,Not,Going,Anti-Smoking,Programs
117
2005-00-12
Friday, 12 August 2005 12:00 AM
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