Breaking the Bank: The Rightwing Road to America's Privatized Future

[The2ndWheel]

http://www.commondreams.org/views05/1011-22.htm

In September, Federal Reserve Chairman Alan Greenspan, in a comment perhaps not intended for publication, told Thierry Breton, French Finance Minister, that the US budget is out of control with the country being plunged ever more deeply into debt. The Economist reported Breton's disappointment "... that the management of debt is not a political priority today."

Breton was wrong. Accumulation of massive debt is the number one priority of the Bush Administration - a deliberate, managed move toward its goal of an “ownership society” in which all aspects are privatized.

Since the introduction of the massive Republican tax cuts, many observers understood immediately that they were to plunge government into debt, thereby undercutting its ability to fund social programs such as Medicare and Social Security, and to administer public domain that has long belonged to all citizens in common.

[texpatriot2004]

1. Common Dreams Rocks. So glad to see this article.n.t

[firefox]

2. National debt will be $8 trillion in a week

It is growing $1.62 billion per day. In January the Medicare bill of 2003 will open the treasury to some real fascist looting and in two years the baby boomers start their retirements.

Why would anyone call * a conservative?

[Kablooie]

3. What a wonderful world where...

everything is run by corporate elite who are not accountable to the people but only to the bottom line.

What a wonderful society it would be. No more worrying about how your actions affect average people. Just as long as YOU get rich the world is cherries and roses!

Hoo ray.