Ralph R. Reiland writes about the economic implications of George Bush's second term, and they are large indeed. For sixty years we have lived with FDR's "New Deal", which created a tax and spend government which now takes a huge portion of the national income and spends it on beltway paperwork, or re-distributes it to groups with political pull, mostly those on the left, or wastes it in pork-barrel projects. President Bush means to change as much of this as he can and privatizing some of the functions of government, including retirement investment, seems like an idea whose time has come. An ownership society would be wealthier and more productive than one waiting for government handouts. And it would also help to speed the destruction of the Democrats who need a population which is dependent on them for political favors and government money. Owners don't need handouts.
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