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Wed Jan 16, 2013, 10:29 PM

Casino exec. Gary Loveman calls for Social Security cuts (I'll never step foot into Caesars again)

Gary Loveman, CEO of Caesars Entertainment Corporation, said Wednesday that Congress should cut programs like Social Security rather than raise taxes.

He said on Fox News that he couldn’t understand why some advocated for higher taxes on the wealthy rather than cuts to safety net programs for the elderly.

“We as Americans put these programs in place many years ago to support Americans in the later stages of our lives,” Loveman explained. “The good news is the later stages of our lives now come later because we are living longer and healthy lives. So why would we ever thing these programs should be left untouched when the very circumstances that gave rise to them in the first place have changed for the better? We ought to see this as an opportunity, and not dwell on it as if this is some unfortunate thing we find ourselves talking about.”

Loveman is on the executive committee of the Business Roundtable, a group that represents corporate CEOs. The Business Roundtable on Wednesday called for the Social Security and Medicare eligibility age to gradually raise to 70. The group also advocated a measure of inflation for Social Security that would lead to smaller cost-of-living increases for beneficiaries, and means-testing for Medicare.

“The problem is fundamentally demographic, so we a proposing fundamentally demographic responses to it,” Loveman added. “The economy is very weak. We need to do whatever we can to support job creation and economic vitality. Raising taxes more than what was just accomplished in the last go-around on any category of Americans is not a good solution to a problem that is fundamentally a demographic problem.”

Watch video, courtesy of Fox News, below:

Raw Story (http://s.tt/1yyZ3)


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Reply Casino exec. Gary Loveman calls for Social Security cuts (I'll never step foot into Caesars again) (Original post)
Playinghardball Jan 2013 OP
PoliticAverse Jan 2013 #1
JaneyVee Jan 2013 #2
jberryhill Jan 2013 #8
Initech Jan 2013 #3
abelenkpe Jan 2013 #4
CurtEastPoint Jan 2013 #5
HangOnKids Jan 2013 #7
HangOnKids Jan 2013 #6
Angry Dragon Jan 2013 #9

Response to Playinghardball (Original post)

Wed Jan 16, 2013, 10:32 PM

1. You can find a list of all The Business Roundtable members here.

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Response to Playinghardball (Original post)

Wed Jan 16, 2013, 10:33 PM

2. From a business perspective he is a moron. Senior citizens love casino's. Senior citizens collect SS

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Response to JaneyVee (Reply #2)

Wed Jan 16, 2013, 11:12 PM

8. Seriously

For seniors who do not depend on SS, that's their "mad money". Who does he think is dropping the quarters in the slots?

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Response to Playinghardball (Original post)

Wed Jan 16, 2013, 10:36 PM

3. Leave it to a place where people GIVE YOU MONEY to tell us this shit.

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Response to Playinghardball (Original post)

Wed Jan 16, 2013, 10:36 PM

4. I love how insanely rich guys with cushy jobs

Think it's fair to cut social security for the poor peasants who paid into the system their entire life so they don't have to pay more taxes. What kills me are the workers who agree with them and vote against their best interests. How the hell did 47 percent of voters vote for Romney?

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Response to Playinghardball (Original post)

Wed Jan 16, 2013, 10:39 PM

5. I like this summation of his tenure as CEO:

WIki: "Despite good media coverage, and a reputation for sophistication and technology savvy, during Loveman's tenure, Caesars operating results, share price and valuation mostly have underperformed its peers.

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Response to CurtEastPoint (Reply #5)

Wed Jan 16, 2013, 10:49 PM

7. He is a shitbag Business person and A Shitbag in General!

Who the fuck operates a money losing casino? Really? Gary must be stealing profits.

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Response to Playinghardball (Original post)

Wed Jan 16, 2013, 10:47 PM

6. His argument is TOTAL Fail

Because we are living longer we don't need SS? What a crock, I submit that just the opposite is true. And Americans "didn't put these programs into place" Gary, they fucking paid for them. What a fucking CRETIN, and 1%er just protecting his wealth. Hey shit head if you would pay attention, the rich are NOT creating any fucking jobs. They are just getting richer. And his excuse that we have a "demographic problem" is bullshit for we have TOO MANY PEOPLE THAT AREN'T RICH. Suck it Gary. Asshole.

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Response to Playinghardball (Original post)

Thu Jan 17, 2013, 01:07 AM

9. Another CEO idiot that has no idea how many jobs government creates

according to another post he is an under-performer ........... cut his pay to reflect that

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