WEBMASTER
Mon, 20 Dec 2004 04:51:54 -0800
From: Ed Kent <[EMAIL PROTECTED]> OP-ED COLUMNIST Buying Into Failure By PAUL KRUGMAN The Bush administration wants to emulate retirement systems that have neither saved money nor protected the elderly from poverty.
http://www.nytimes.com/2004/12/17/opinion/17krugman.html?th -- One cannot help but believe that Bush -- per Our CUNY teacher's report on Bush's comments in classes while a student at Harvard Business School -- truly wants to return our democracy to the era of domination by the robber barons at the turn of the 19th to 20th century -- who were checked first by the anti-trust progressive Republican Teddy Roosevelt and then truly reformed by the post Depression introduction at long last by F.D.R of social safety net protections -- state funded jobs for the country's 1/3 jobless and Social Security for those too old and frail to work. Hopefully any remnant of still principled Republicans left will check Bush in these mad hatter schemes -- or the Republican Party may find itself another 40 years in the wilderness as the American people wake up to the cruel scams that have been played upon them. Anyway, check out Krugman here who makes the obvious points: 1) that Social Security 'reforms' proposed by Bush and Co. will only benefit Wall St. traders with fees deducted from a 'private' plan ranging up to 20% or more, as happened elsewhere with such gambit moves. 2) that government will face the prospect, as is the case in Chile today, of re-funding those who guessed wrong in their investments from extreme poverty or letting them die off quickly from it (perhaps the Bush solution for reducing Medicare expenditures?). Yuk! -- "A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope." (Livy) -- Ed Kent ----- / o o \ ===OO=====OO================================================== http://pnews.org/ (links) http://pnews.org/PhpWiki/ (West Coast News Wiki) http://g0lem.net/PhpWiki/ (East Coast News Wiki) =============================================================== Sub/Unsub [pnews-l - rhetoric] :: http://pnews.org/signup.shtml =============================================================== ================== FIGHT THE RIGHT! ==================