Perry, Legislators Throw Away $500 Million Trying to Privatize Social SecuritySomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Perry, Legislators Throw Away $500 Million Trying to Privatize Social Security
 


27 April 2007 at 3:15:18 PM
pstern

"The great minds of Texas," as the governor likes to call his special committee cronies, have tossed away more taxpayer dollars on an "innovative" plan that would privatize the Social Security Program. Too bad that, like many of their other plans, it was initiated by the poor judgment of special interests who salivated at the thought of a new resource for unlimited income.

The Bush administration's greed for profiteering, a.k.a. privatizing, Social Security, trickled on down to Bush-wannabe Governor Rick "39-percent" Perry, whose eyes must have glazed over thinking about all the money he and his wealthy campaign contributors could make via the use of our tax dollars.

According to an article in the 4/25/07 Austin-American Statesman:

Four years ago, Texas embarked on the nation's most ambitious plan to privatize enrollment in social services. It would establish call centers to take food stamp, welfare and Medicaid applications by phone, fax, Internet and mail, instead of just in person at state offices. It would use a new Web-based computer system designed to bring Texas into the Internet age.

Today, the project is in shambles. The state has canceled the call center contract with a group led by Accenture LLP and continues to do most of the enrollment work with state employees using the old computer system.

With Texans paying more and more in taxes, recently the state refused to make good on its promise to refund a $500 million tax surplus. In wondering why the state held onto those refunds, it now comes to light that one of the reasons may be the ongoing special interest power-plays and "innovative" ideas sponsored by the governor and legislators to cater to their campaign contributors.

 
To read more of this article by Peter Stern, see the original commentary

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