Even Senators get lucky sometimes
Somehow I missed the following tidbit from a couple of days ago, so perhaps you did, too.
New Hampshire's Republican Senator Judd Gregg, known as a staunch fiscal conservative and chair of the Senate Budget Committee, has won a not inconsiderable amount (to the mind of this fiscal moderate, anyway) in the Powerball lottery.
Gregg won $853,492, which is hardly chump change, although far from the $340 million grand prize. And, since he's from New Hampshire, a state without income taxes, he gets to keep 75% of it. Some guys live right:
Gregg already is a millionaire, according to personal financial records that senators are required to file annually.
His latest filing, which documents his financial records for the calendar year of 2004, shows that Gregg has assets between $2,697,000 and $9,430,000, mostly in an extensive stock and real estate portfolio.
After hearing the lottery news, Sen. Kent Conrad, D-North Dakota, the top Democrat on the Budget Committee, quipped the money should be used to pay down the federal deficit.
Senator Conrad beat me to the punch.
How does Gregg actually plan to spend the money? Some will go to charity, and much of the rest to his wife. Sounds about right to me.
I can't recall any other celebrity or public figure winning a substantial lottery prize before. Can anyone help me out on this?
It surprises me a bit that the relatively wealthy, such as Gregg, might play the lottery, too. Although, why not? When you buy a lottery ticket some say you're basically throwing away your money, and they are mathematically correct in terms of probability. But they are ignoring the vagaries of the human heart; for most people, a lottery ticket is a ticket to a dream. And I guess even fiscally conservative Republican Senators can dream.