What does “Privatizing” really mean?

This post was written by marc on February 12, 2005
Posted Under: Letters to the Editor

Letter to the Editor

When Bush talks about “privatizing” social security – what does that really mean? Doesn’t that really mean that he’s going to take our public tax dollars that we pay to help the elderly and put it in the pockets of private people (his friends) instead? Just like “protecting” Social Security is really a code name for destroying it. We’re supposed to borrow money from the Communists in China to gamble it in the stock market and use those funds to make the government the biggest stock holder in the private US economy? I think someone has their head in a place where the sun don’t shine. We are really in trouble.

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