When Tug McGraw signed a big, fat baseball contract in the 1970s, a reporter asked him how he planned to spend it.
“Ninety percent of it I’ll spend on good times, women and Irish whiskey,” he said. “The other 10 percent I’ll probably waste.”
Iowa Sen. Chuck Grassley took that hoary old joke for reality recently while seeking to justify giving a massive tax break to rich people.
Abolishing the estate tax, Grassley argued, “recognizes the people that are investing – as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”
Hmmm, has Chuck been reading my diary from the 1980s?