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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsReally?? CEO's lobby to cut Social Security, Medicare and Medicaid..but not their tax breaks!
WASHINGTON -- The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed.
The companies represented by executives working with the Campaign To Fix The Debt have received trillions in federal war contracts, subsidies and bailouts, as well as specialized tax breaks and loopholes that virtually eliminate the companies' tax bills.
The CEOs are part of a campaign run by the Peter Peterson-backed Center for a Responsible Federal Budget, which plans to spend at least $30 million pushing for a deficit reduction deal in the lame-duck session and beyond.
During the past few days, CEOs belonging to what the campaign calls its CEO Fiscal Leadership Council -- most visibly, Goldman Sachs' Lloyd Blankfein and Honeywell's David Cote -- have barnstormed the media, making the case that the only way to cut the deficit is to severely scale back social safety-net programs -- Medicare, Medicaid, and Social Security -- which would disproportionately impact the poor and the elderly.
HopeHoops
(47,675 posts)RagAss
(13,832 posts)The time of their time has come and gone. They better wake up before it gets ugly.
still_one
(92,422 posts)SomethingFishy
(4,876 posts)this question never comes up:
"You are lobbying against a 3%-5% tax increase. Can you please explain what hardships you will face if you have to pay another 3-5% in taxes?"
I mean for fucks sakes, these assholes can spare 5% without losing the gold fixtures on their yachts but they want to cut Social Security and Medicare, programs people need to [i[]survive.
The level of greed, selfishness, and apathy from these people who take way more than they give is disgusting.
Givers and takers my ass, this election was about the greedy and the needy.
bluethruandthru
(3,918 posts)when it comes to SS.
Yeah, I guess when you make over 16 million a year (his personal salary), you don't need to worry whether or not Social Security is cut.
GRRRRR!
99Forever
(14,524 posts)KansDem
(28,498 posts)They f*ck up and want the American taxpayer to bail them out.
The don't create jobs and they don't re-invest in America. They hide their swag in secret, off-shore tax havens.
It's time to tell them the "good times" are over; it's time for them to start working for a living!!!
bluethruandthru
(3,918 posts)hrmjustin
(71,265 posts)TheKentuckian
(25,029 posts)to be had.
There is only capitulation and fighting back tooth and nail.