The Mudcat Café TM
Thread #54502   Message #843926
Posted By: KarlMarx
09-Dec-02 - 12:48 PM
Thread Name: BS: 2 Setbacks for Bush
Subject: RE: BS: 2 Setbacks for Bush
My problem isn't so much with the concept of the privatization of Social Security, but in the dishonesty in which Bush, Reagan and the supply-siders have gone about doing it. Even Eisenhower and Nixon, dyed-in-the-wool Republicans, never dreamt of repealing the arguably most successful aspect of the Roosevelt experiment, with all its problems. But Reagan began the great economic counter-revolution in 1981. Instead of honestly reforming the safety net towards a more efficient, liquid and privatized program, Reagan, and those who followed him, bankrupted it. Yes, the Democrats raided it, as a carrot to the electorate, but Reagan and the Bush clones have/are bankrupting it on huge military expenditures and tax rebates.
   Well, concerning the people who voted for Bush in 2000 - for the $300 rebate - we all know now how much their vote was worth.
   Even David Stockman was annoyed at his icon, Ronald Wilson Reagan, when he betrayed, in Stockman's mind, the supply-side revolution: Reagan began the gutting of domestic social programs, to cut costs, but in turn, ran the budget deficit to the moon by outspending the Soviet Union in an arms race that it couldn't possibly match. Won the Cold War? Good, that'll make me feel so much better when I'll be a slave to the Wal-Mart economy in the year AD 2030 . . .