- Sat Dec 03, 2016 9:47 am
#80594
There are rumblings in Swampville (D.C.) by the GOP about privatizing Social Security, Medicare and the VA Medical System. Wall Street has been chumping at the bit to get their hands on that money. Paul Ryan has made it his life's work to either get rid of SS and Medicare or to privatize it. I think that the driving force behind this idea is simple. Congress borrowed $1 Trillion from the SS and has to pay interest on it every year. Watch what happens if privatization happens; that loan will suddenly become a non-issue or the interest on the loan will be paid to Wall Street.
Maryland has a law about privatization of Maryland Government services. The company must prove in writing that the privatization with save the state money and the contract with the company must contain guarantees. Maryland reserves the right to terminate the contract at any time. Not surprisingly, very few proposals to privatize government services ever come before the Maryland legislature.
A great read on government privatization is David Cay Johnson's book "Free Lunch." available on Kindle.com.
Maryland has a law about privatization of Maryland Government services. The company must prove in writing that the privatization with save the state money and the contract with the company must contain guarantees. Maryland reserves the right to terminate the contract at any time. Not surprisingly, very few proposals to privatize government services ever come before the Maryland legislature.
A great read on government privatization is David Cay Johnson's book "Free Lunch." available on Kindle.com.
