The budget for the Olympics is around 10 billion pounds ( $15B ) and it keeps increasing.
On 15 March 2007, Tessa Jowell announced to the House of Commons a budget of £5.3 billion to cover building the venues and infrastructure for the Games, at the same time announcing the wider regeneration budget for the Lower Lea Valley budget at £1.7 billion.
On top of this, she announced various other costs including an overall additional contingency fund of £2.7 billion, security and policing costs of £600 million, VAT of £800 million and elite sport and Paralympic funding of nearly £400 million. According to these figures, the total for the Games and the regeneration of the East London area, is £9.345 billion. Then Mayor Ken Livingstone pledged the Games Organising Committee would make a profit.[79]
The costs for staging the Games (£2 billion) are funded from the private sector by a combination of sponsorship, merchandising, ticketing and broadcast rights. This budget is raised and managed by the London 2012 Organising Committee. According to Games organisers, the funding for this budget broadly breaks down as:
- 64% from Central Government;
- 23% from National Lottery
- 13% from the Mayor of London and the London Development Agency
The olympics will encourage the acceleration of the police state. Security keeps escalating.
It is based largely by stealing from the taxpayers.
It encourages unsavoury nationalistic patriotism. It does not promote world peace and friendship.
Look what happened to Greece. They are buried in debt.
Russian Olympics update 2014m02d17
The olympics being held in Russia is even more evil than it's predecessors.
The media coverage is banal. Putin versus Pussy Riot.
The media ignores any evil that it encounters.
The ordinary human being has been ripped off by the slavelords.
To all the *heroic* olympic athletes .;... you are leeching off the slaves in Russia.
It is well over-due to completely modify the olympics.
Russian Olympics update 2014m02d17
The olympics being held in Russia is even more evil than it's predecessors.
The media coverage is banal. Putin versus Pussy Riot.
The media ignores any evil that it encounters.
The ordinary human being has been ripped off by the slavelords.
To all the *heroic* olympic athletes .;... you are leeching off the slaves in Russia.
It is well over-due to completely modify the olympics.
