Seriously,… this is how they see it

03 Dec

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

Goldman Sachs CEO Lloyd Blankfein Wants Seniors to Get Less

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.



Posted by on December 3, 2012 in Uncategorized


4 responses to “Seriously,… this is how they see it

  1. smartalek

    December 3, 2012 at 8:40 pm

    “his company’s employee pension plan is underfunded by $2.8 billion…”

    …meaning we taxpayers are going to be on the hook for making up some of the difference (via the Pension Benefit Guaranty Fund).
    Funny how the Publicans, and their corporate masters, never seem to have a problem with *that* particular form of “socialism.”

    • h2dog

      December 4, 2012 at 7:19 am

      No,… the republicans only seem to be concerned about freedoms and liberties when there’s a chance they might be made to cough up their fair share.
      When they’re “investing”, making up a new kind of derivative, rigging deals, overcharging, or monopolizing things for their own benefit,…. well, then it’s the free market performing like it was meant to.
      Like what happened with the recent Hostess deal. The workers were essentially being robbed blind over a period of several years. Both pensions and payscales . And that part of the story never seemed to reach the headlines. You had to dig a little to find that part of the equation.

  2. Jeff Nguyen

    December 6, 2012 at 6:44 pm

    They will find a way to profit even from the Vaseline everyone will need from bending over for the bankers and billionaires.

    • h2dog

      December 6, 2012 at 7:10 pm

      🙂 Yes, they always find a way.
      No altruistic stuff from these guys. If you get in between them and a dollar bill, you may as well kiss your ass goodbye.


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