Privatize This
Jul 31st, 2007 at 8:56 am by Susie
This is exactly the kind of corporate footsie the Dems would do well to stop playing:
The push to cover the planet in trade deals is intended to give foreign investors new “rights.” Now these deals are being used to keep failed private retirement systems in corporate hands.
“Congress rejected Social Security privatization in 2005 and should reject it again in 2007 — whether it’s for Americans, Peruvians or Canadians. The promise of a secure retirement shouldn’t stop at America’s borders.”
This was the reaction of William McNary, a leading Social Security activist, after finding out that some Democrats are supporting a Bush NAFTA expansion for Peru that would give Citibank, a major Democratic donor, the right to sue the country if it reverses its failed Social Security privatization.
