Marie Antoinette speaks out about the greed of the peasants
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Goldman Sachs CEO: Entitlements must be contained
BLANKFEIN: You're going to have to undoubtedly do something to lower people's expectations -- the entitlements and what people think that they're going to get, because it's not going to -- they're not going to get it.
PELLEY: Social Security, Medicare, Medicaid?
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.
Why isn't this guy in jail?
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NPR gave Pete Peterson a big, wet smoochy yesterday
on All Things Considered. His line about being willing to let the wealthy suffer more than the rest of us is priceless. Yes, wouldn't it be tragic if they had to share in the sacrifice and cut back on their current shopping spree?
25 year career?
By the time I retire, I will have been paying into SS for 48 years.