The guy who advised that the Social Security “retirement age has to be changed” in an interview with Scott Pelley of 60 Minutes recently, is headed to a meeting with House Republicans on the fiscal
cliff scheme, the marketing push to scare politicians into carving up entitlements, including Social Security.
Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd Blankfein is among the executives scheduled to meet with U.S. House Republican leaders on the so- called “fiscal cliff,” according to a House aide and another person familiar with the plans. House Speaker John Boehner is scheduled to meet with a group of CEOs pressing for a solution to the looming tax increases and spending cuts on Nov. 28 in the Capitol building. [Bloomberg]
This is a man worth hundreds of millions of dollars who thinks that the working class need to work a little longer, even though they don’t receive Social Security as long as men like Mr. Blankfein do, because they don’t live as long, due to the back wrenching work that is their livelihood.
“Social Security wasn’t devised to be a system that supported you for a 30-year retirement after a 25-year career,” Blankfein said. “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.” [Huffington Post]
What Blankfein and his 1% club really also want to avert is the lifting of the Social Security income cap, which would cost him and his friends millions of dollars, while extending the already financially viable federal entitlement program decades.
This is another effort by the same Wall Street fat cats who sunk our economy in the first place to try and push the grand bargain, while sticking it to the working class.
It’s up to you to contact Congress to make sure they listen to you, not the elite 1% class who don’t rely on the social safety net like the middle class do. The American right, proving yet again they don’t understand the working class, agrees with Blankfien on raising the age for Social Security, because of “the longer lifespans Americans are enjoying,” even though this doesn’t apply to the working poor.
And in a development on Monday, during the gaggle with the press, White House spokesperson Jay Carney followed up on Senator Dick Durbin’s comments that Social Security “does not add one penny to the debt,” which came during Sunday’s This Week on ABC. Carney stated that President Obama has taken Social Security off the table on the debt talks during the lame duck session.
“We should address the drivers of the deficit and Social Security currently is not a driver of the deficit,” Carney told reporters today.
However, before anyone gets too excited, Carney also is quoted as saying Social Security should be dealt with on a “separate track.” What that means awaits to be discovered in 2013.
None of this will make Blankfein happy, because one of his publicly stated goals is to change Social Security, beginning with upping the retirement age, which impacts the working class directly.