After Taking $10 Billion From Taxpayers, CEO Of Goldman Sachs Wants To Cut Your Social Security

[Report1212]

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 “God’s 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 wasn’t 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 can’t afford them going forward?

BLANKFEIN: Because we can’t 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]

1. He must be this guys descendant

[Report1212]

2. Did he also think he was doing "God's Work?" nt

[LiberalEsto]

3. Aw, leave the poor dude alone

He can't help the fact that he gets his jollies watching people slowly starve to death.

[a kennedy]

4. the ol' I've got mine, screw you buddy mentality....

[HughBeaumont]

5. 21st Century America's been kind to crooks like BankFiend.

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]

6. "Because we can’t afford them." whose we?

[MrYikes]

7. if that was an intentional pun, that was good.

[Hugin]

8. No, we can't afford you Blankfein. n/t

[Scuba]

9. No wonder the banks are so FUBAR. This guy can't do math. Who starts work at 40 ....

... retires at 65 and then lives 30 more years????

[Report1212]

10. Maybe lazy men like him? nt

[hfojvt]

13. it's the new American career

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]

11. Goldman borrowed $10 billion and repaid $11.4 billion

http://projects.propublica.org/bailout/entities/237-goldman-sachs

for a 14% profit (interest) for taxpayers.

[hfojvt]

12. so nice of CBS news to give him a platform

because otherwise the wealthy have no way of getting their message out.

[freshwest]

14. Sheesh, who is the royal 'we' he's talking about...

[sheshe2]

17. My guess would be the 1%....talk about Entitled!

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]

15. Why is the one truly important question never asked of these people?

Why is it when some asshole like Blankfein says something like this no one asks him "What? You don't have enough?"

[BlueMan Votes]

16. there's like, over $60Trillion in wealth in this country.

we CAN afford it.