Lunacy At United States Olympic Committee

You would think that the United States Olympic Committee doesn't have a lot of things to do, except raise money and to bid on the Olympic games for the United States.
Well, they are failing in one area as they USOC is refusing to bid on the 2020 and the 2022 Olympic games.
From the LVRJ: The United States Olympic Committee, the group in charge of presenting national bids, said it isn't bidding for the 2020 games.
"We aren't bidding for the 2020 games, and the 2022 games are not on our radar as well," said Patrick Sandusky, spokesman for the USOC.
Sources familiar with the situation said Milam wrote to the IOC seeking an extension of a deadline to have national committee support for a bid, and the IOC almost immediately denied the request.
Milam did not return a call or email seeking comment.
Madrid, Tokyo, Rome, Istanbul and Doha, Qatar, have confirmed an intent to bid for the 2020 games.
Doha has filed an intent to host the games outside the normal August time frame so that the events wouldn't fall during its hottest summer months.
http://www.lvrj.com/news/aspiring-stadium-developer-strikes-out-on-las-vegas-olympics-bid-128631183.html
This means the U.S. will not have held the Summer Game's since 1996 in Atlanta. We have not held the Winter Games since 2002 since it was held in Salt Lake City.
So, why in the helll is the USOC not bidding on the 2020 and 2022 games? That's outrageous and stupid. You want to help turn around the economy, bid and win the Olympic games.
So, why is the USOC refusing to bid on Olympic Games?
From Google News: Locked in a dispute over millions of dollars, the U.S. Olympic Committee pulled the plug Monday on a bid for the 2020 Summer Games before the International Olympic Committee could say no to the Americans, as it has the last two times. The two sides have been at odds over a revenue-sharing agreement for years.
By not submitting a bid, the USOC assures at least a 20-year gap between Olympics on American soil for only the fourth time.
Chicago, New York and Dallas were among the cities interested in the 2020 games, but any bid was contingent upon a new deal with the IOC.
Recently, negotiations had picked up in an effort to meet a Sept. 1 deadline for countries to submit a city's name for consideration. But with so much money and a long-term commitment at stake, the USOC decided not to rush.
"I think it's one of the smartest things they could do right now," said Steve Penny, president of USA Gymnastics, one of the country's most important, and successful, Olympic sports. "It's very important they get this revenue-sharing deal done the right way. Having an Olympic bid hanging over your head is going to change the way you think about one of the most important business decisions you're going to make for the USOC in the foreseeable future."
At the heart of the disagreement is the USOC's long-standing 20 percent share of global sponsorship revenues and 12.75 percent cut of U.S. broadcast rights deals. The IOC wants more of that money.
Because of the revenue generated in the United States and the success of its teams, the Olympic movement needs the USOC more than any other national body. It's a delicate dance, however, because there are some in the IOC who resent the United States for the power it holds.
There won't be any deal soon. Publicly, at least, the IOC did not sound distressed.
http://www.google.com/hostednews/ap/article/ALeqM5i6bqLoQLwA1aTRuOm7cZUNnkAhwQ?docId=146994cd3dd241d1bf72ece12817c2aa
Greed is the reason why the USOC is not doing their job. Great. Bunch of bozo's.