Bush I circa 1987 on Privatization: "...a nutty idea..."

GEORGE H.W. BUSH DISAVOWS PRIVATIZATION:
... back in 1987.

Crack TNR editorial assistant Ben Adler recently fished this H.W. Bush quote out of the TNR archives (from the November 23, 1987 issue):

I think it's a nutty idea to fool around with the Social Security system and run the risk of [hurting] the people who've been saving all their lives.... It may be a new idea, but it's a dumb one.