Champions of neoliberal economics are reversing New Deal economics http://onlinejournal.com/artman/publish/article_5687.shtml

Outsourcing policies are bound to be further accelerated by the rising budget deficits of many states and municipalities, and their need to sell off public property or outsource their traditional services in order to raise funds to finance their budgetary needs. These include outsourcing the maintenance of parks, the management of toll roads, the collection of waste, the operation of municipal neighborhood centers, and more. For example, according to a recent MSNBC report, in the two years since Mitch Daniels was elected governor in Indiana, “the state has leased the 157-mile Indiana Toll Road to an outside company for the next 75 years for $3.8 billion, hired vendors for $1.16 billion over 10 years to process welfare applications, and brought in a company to serve food at a mental hospital.”

While cash-strapped states and other local governments can generate quick cash by privatizing public property or outsourcing public services, they forgo long-term opportunities of income generation from such properties and services.Another Wall Street plot to rob the people of their social safety net programs is the recently renewed attack on the once-sacred entitled programs such as Social Security, Medicare and Medicaid.

Having piled up huge sums of national debt and deficit (through bank bailouts, military spending, and tax cuts for the affluent), Wall Street champions, firmly ensconced in the Congress and the White House, are now singing the “fiscal responsibility” song as a prelude to chip away at Social Security and other entitlements. This ominous scheme is clearly reflected in President Obama’s recently appointed “National Commission on Fiscal Responsibility and Reform,” a bi-partisan group that is tasked with reviewing the Social Security and other entitlements in an effort to further “trim” social spending in order to pay for the sins of major banks and military contractor.