For-Profit Prisons: Another Failed Privatization of a Government Service

By: Thursday May 19, 2011 8:28 am

A new study by the state of Arizona shows that private prisons end up costing the state more than public facilities. From the New York Times: The conviction that private prisons save money helped drive more than 30 states to turn to them for housing inmates. But Arizona shows that popular wisdom might be wrong: [...]

Ryan’s Medicare Privatization Will Increase Overall Health Care Spending

By: Wednesday April 6, 2011 1:01 pm

Paul Ryan’s Republican budget proposal “saves” the government money on Medicare by replacing it with a voucher to buy private insurance, but these vouchers will be too small to actually buy a similar level of coverage to what  Medicare traditionally provided. It shifts the burden of paying for the rise in health care costs for [...]

It Was Economic Feudalism – Not Liberalism – Mubarak Promoted in Egypt

By: Friday February 18, 2011 8:18 am

The New York Times has an article about the Egyptian’s military role in the economy and how it is “discouraging open markets” now that it has taken power. I take strong issue with how the article describes the extreme cronyism practiced by Hosni Mubarak as either “liberalizing the economy” or privatization: As the military began [...]

Budget Hawk John Spratt and the “Grand Bargain” on Social Security

By: Monday May 3, 2010 4:09 pm

John Spratt, Chairman of the House Budget Committee, was recently appointed by President Obama to the Debt Commission. I’ve been going through documents looking at his history regarding Social Security reform, and his involvement in “secret meetings” in 1997 authorized by Clinton Chief of Staff Erskine Bowles.  Bowles was at the time negotiating a deal [...]