Memo to the Fed: Lend Me Some Money!

Jello Biafra once joked that the Reagan administration wanted to fund Social Security through sports betting. Now that the Federal Reserve wants to loan money direct to Lehman Brothers and other investment banks so that they can continue speculating, the time has come to open up the Fed to the rest of us. Consider: today the Yankees play a twinbill with this year’s Cinderella team, the Tampa Bay Devil Rays. Tampa is hungry to lock up the AL East championship, while the Yankees are playing out the string and may not finish .500 this year. Let the Fed lend us gambling addicts some ducats so we can put some serious cash on Tampa Bay, both games! Let’s open a Federal Reserve window at OTB! And while we’re at it, let’s make the cost of lottery tickets tax-deductible. Oh yeah…most people who play the lottery don’t make enough money to pay any taxes.

 

And by the way, here’s Sarah Palin doing a sportscast on Alaskan tv back in the 80s. She can read a teleprompter – sort of.