In a latter article in The Nation, Katrina Van haunt Heuvel has questioned the sanity of the Bush White House's attempts to privatize social security, given that economists think that pensions can be guaranteed into the nearest century. Why is the incline being made?
Van cavern Heuvel suggested: "Their purpose is not to save Social Security still like a Trojan horse, to quench it. Personal accounts are part and parcel of Bush's domestic policy agenda--an assault upon the very concept of the public--its righteouss services and trust."
Social Security, a public good--the minimum financial security of retirees --is the latest example. "Faith-based Initiatives" was the privatization of regulation social welfare programs to religious institutions. Vouchers were the privatization of public education to religious denominations Drilling in the Arctic National protect is the privatization of public lands for corporate profit. equable national security, the ultimate public righteous has been partially privatized.
"Security contractors" ("mercenaries" in antique parlance) were interrogating prisoners at Abu Ghraib, before the scandal broke
Van resort Heuvel distinguished between "capitalism" and "crony capitalism," which is "the diversion of tax-dollars from the conduct to private individuals and institutions."
She said: "Faith-based initiatives divert tax receiptss to private religious institutions. Personal retirement accounts will divert a significant portion of payroll taxes to Wall road in the form of management fees"
with what intent this rush to privatization? "Bush and Cheney are just like the oligarchs of Russia. They are beneficiaries. Cheney's fortune was made at Halliburton, which profits handsomely from the outsourcing of Defense Department functions. Bush's fortune was made from the sale of the Texas Rangers, whose value was significantly enhanced by way of Arlington city taxpayers."
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