Armey's Austerity.(House Majority Leader Richard K. Armey)(Brief Article)
American Prospect, The, August, 2001 by MCINTYRE, ROBERT S.
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IN A LETTER TO HOUSE REPUBLICANS IN EARLY JULY, House Majority Leader Dick Armey, Republican of Texas, outlined his "four-point plan" for "rolling back big government." Items one, two, and three are familiar GOP boilerplate: tax cuts, tax cuts, and tax cuts. The fourth and more interesting item involves Social Security privatization.
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It's more interesting because in his extended exposition, Armey concedes something that has been both obvious and heretofore vigorously denied by the right. "The transition to personal accounts will cost a lot of ...
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