Have you noticed the large number of CEOs going on TV to give their opinions on how to fix the debt?
Last week it was Goldman Sachs CEO Lloyd Blankfein who suggested raising the retirement age for Social Security and Medicare. AETNA CEO Mark Bertolini also argued for raising the retirement age and means-testing Social Security and Medicare benefits. In fact 71 CEOs have joined together as part of a "Fix the Debt" coalition to call for cuts to social safety net programs, instead of higher taxes on rich people like themselves. And, as the Institute for Policy Studies discovered, there's good reason why these CEOs want to target social safety nets like Social Security...it's because they don't need them. They're all sitting on massive retirement assets, averaging over $9 million each. Lloyd Blankfein himself has nearly $12 million in retirement assets. It's easy to call for cuts to Social Security when you know you won't need it. Yes, it's true we don't have an arrogant and effete royal family in America like they do in Britain. But the British Royal Family are paupers compared to America's billionaires - and they're now pushing to further cut retirement income and healthcare for working-class Americans, while sitting on hundreds of millions for themselves. Sometime soon, Americans will begin to revolt against this Reaganomics-created Billionaire/Republican Royalty!