More from the “shared sacrifice” crowd. “We’ll all have to feel some pain.”
“You, however, could possibly feel just a tiny bit more than me.”
From the huffpost
The hypocrisy of Lloyd Blankfein, a Wall Street banker, and other corporate leaders who have inserted themselves into the debate over major tax and spending decisions under consideration in Congress is nothing short of repugnant. Blankfein’s Goldman Sachs got billions from the federal government during the Wall Street bailouts, enabling him to hold a job that paid him $16.1 million in 2011, and now he wants the rest of us to take a pay cut — now and in the future. Referring to Social Security, he told CBS, “You’re going to have to do something, undoubtedly, to lower people’s expectations of what they’re going to get.” That’s a second-rate vision for a first world country, and we just voted for a lot better than that.
Blankfein is one of many Fortune 500 CEOs who joined together under the name “Fix the Debt,” a campaign to cut Social Security, Medicare and Medicaid to address the federal deficit during the fiscal showdown. This group of more than 90 CEOs is pushing cuts to middle-class programs while shielding millionaires, billionaires and big corporations from tax increases. —————————-
In a Nov. 25 appearance on NBC’s Meet the Press, a charter member
of Fix the Debt, Honeywell CEO David Cote, said, “We have a significant problem
with entitlements, Medicare and Medicaid in particular.” This from a guy with retirement assets of more than $78 million. And, IPS points
out, his company’s employee pension plan is underfunded by $2.8 billion.