Search This Blog

Saturday, October 23, 2010

George W. Bush's biggest disappoinment as President?

It wasn't that he left office in the midst of the biggest financial crisis in America since the Depression. It wasn't that he failed tov capture Bin Laden or that we fought a useless disaster of a war for phantom reasons. It wasn't the failed responseb to Katrina or 9/11. It wasn't that his administration alone accounted for 40% of all Federal Debt incurred since World War II.

None of the above seem to bother him much. His biggest disappointment was his failure to privatize Social Security.

This past week the Chief Actuary of Social Security reported that the three Republican plans presented for privatization would result in long term benefit cuts of between 10% and 50% depending on the relative strengths of the markets. The beneficiaries would be Wall Street which would receive a brand new source of funds to play with at the casino.

No comments: