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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAfter Taking $10 Billion From Taxpayers, CEO Of Goldman Sachs Wants To Cut Your Social Security
Looks like Blankfein's really thankful for those near-zero interest loans the U.S. taxpayer gave him.
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In an interview with CBS News, Lloyd Blankfein, the Goldman CEO who famously said he was doing Gods work, said that Social Security benefits must be cut by raising the retirement age and Medicare and Medicaid must be contained as well:
BLANKFEIN: You can look at history of these things, and Social Security wasnt devised to be a system that supported you for a 30-year retirement after a 25-year career. So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.
PELLEY: Because we cant afford them going forward?
BLANKFEIN: Because we cant afford them.
Read more: http://boldprogressives.org/after-taking-10-billion-from-taxpayers-ceo-of-goldman-sachs-wants-to-cut-your-social-security/
liberal N proud
(60,344 posts)Report1212
(661 posts)LiberalEsto
(22,845 posts)He can't help the fact that he gets his jollies watching people slowly starve to death.
a kennedy
(29,706 posts)HughBeaumont
(24,461 posts)The CEO Larceny Industry pilfers billions in untold wealth and all they get is away with it. We get the bills.
Cue the "What did he do that was illegal?" crew . . . . on our side . . .. which is essentially WHY they get away with it.
leftyohiolib
(5,917 posts)MrYikes
(720 posts)Hugin
(33,198 posts)Scuba
(53,475 posts)... retires at 65 and then lives 30 more years????
Report1212
(661 posts)hfojvt
(37,573 posts)like my own. Graduate college at age 23, work for a year, quit, unemployed for a year and a half, goto graduate school for two years, work part-time for a year after graduating, work at my own (non-profitable) business for two years, work at a satellite dish factory for two years, another year of unemployment, work part-time at a bar for two years, sell the business and move, then be unemployed for another year, temp jobs for two years, now I am 50 having worked as a janitor for ten years. Planning to retire at age 55. May not be able to, but if I have to work this job for another twelve years, I would rather just kill myself now.
My dad retired at age 55 with 30 years of work. By 2013 he will have been retired for 25 years.
He makes more money for doing nothing than I do for working full time. Or fairly close.
But he's still on the town board too, getting paid for that, unless the liberal environmentalists defeat him.
But anyway, if I do work until I am 62. That will be 22 years at this job (and six of those years were just part-time work) plus 3 years of full time work, plus two years of temp work, plus three years of part-time work. Full time equivalent is perhaps 25 years, or less.
banned from Kos
(4,017 posts)for a 14% profit (interest) for taxpayers.
hfojvt
(37,573 posts)because otherwise the wealthy have no way of getting their message out.
freshwest
(53,661 posts)sheshe2
(83,898 posts)Can't have the sniveling masses get all uppity.Expecting to benefit from a program that was put into place.... to the benefit OF society!
I sorely hate the word entitlement since the GOP uses it like it's a dirty word.
As to Blankfein's math,work 25 years for 30 years of social security! In what universe does the man live in? Maybe the 1% only have to work 25 years in their lifetime...if at all. Others not so lucky.
My first summer job was at the age of 14. I have been paying into SS for a very long time. So yes I deserve my "Entitlement".
SomethingFishy
(4,876 posts)Why is it when some asshole like Blankfein says something like this no one asks him "What? You don't have enough?"
BlueMan Votes
(903 posts)we CAN afford it.