Because of Katrina, Bush Wants to Privatize Social Security
It’s an old business myth that the Chinese character for “crisis” combines the characters for “danger” and “opportunity.” It doesn’t. But I’m not sure anyone’s told the Bush administration, judging from this little tidbit in CongressDaily today: “[White House spokesman Trent] Duffy asserted that the vast spending that would be required to address the hurricane’s impact adds to the need to change Social Security, which threatens to strain the budget in coming years.” Ah yes, despite the fact that privatization that would add trillions to the deficit in the short term, at a time when Katrina will already add $100 billion or more to the deficit this year, the time for privatization is now, obviously, in the wake of disaster. Um, no.
Jefferson Parish President Aaron Broussard said:
“Whoever is at the top of this totem pole, that totem pole needs to be chainsawed off and we’ve got to start with some new leadership. It’s not just Katrina that caused all these deaths in New Orleans here. Bureaucracy has committed murder here in the greater New Orleans area and bureaucracy has to stand trial before Congress now.”
I think the White House doesn’t realize it’s at the top of the totem pole — the part we’ll be cutting off.
