Oh, You Mean He Meant To Do This?
And all this time I just thought it was because he was a miserable failure
Greenspan unintentionally tells us Bush wants to bankrupt the country just so he can force privatization down our throats. Now there's
a good idea (not
There are plenty of examples of the Bush administration's attempts to push privatization, such as their effort to change federal funding rules for public water utilities, making such federal funding contingent upon proof that the utilities each have a privatization plan in place. Amtrak, Social Security and public schools are explicitly in their sights. Education factories such as Edison Schools are the preferred Republican solution to education.
The public, so far, is resistant to an explicit agenda of mass privatization. But if Bush and his corporate backers were to be given a second term, pursuit of this privatization agenda would be unfettered, with the bulging Social Security trust fund at the top of the list among prospective candidate programs. That is what Mr. Greenspan is really signaling with his Congressional testimony in favor of permanent tax cuts today.
The pursuit of federal insolvency increases the financial pressure on all elements of the public sector, making the argument for privatization theoretically more compelling. Indeed, Bush and company would read their election to a second term as a tacit mandate for their privatization agenda, and the consequences for the commonweal would be devastating.