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Triana

(22,666 posts)
14. Forbes article about these "Fix the Debt" schmucks....
Sun Apr 28, 2013, 10:34 AM
Apr 2013
The Great American Retirement Scam: Why The Wealthiest CEO's In America Want To Take Away Your Social Security

. . .Meet the “Fix The Debt” gang—a collection of more than 80 of the nation’s most powerful and wealthy CEO’s who have generously committed their time, money and lobbying efforts to contribute a solution to the nation’s debt crisis in the effort to avoid an economic disaster. And what do these great Americans have in mind as the recipe to cure our national ills?

A plan that leaves it to the poor and middle-class to pay off our burgeoning debt through the scaling back of Social Security, Medicare and Medicaid.

Certainly, there is nothing particularly new about the notion of the 1 percent looking to entitlements as the solution to debt, but these clever executives have added a few wrinkles to the plan that are well worth noticing as these corporate leaders are not simply content to simply lay the debt on the shoulders of those least able to bear it—they intend to make billions in the process.

Their proposal comes complete with ideas ranging from granting themselves some sweet tax breaks via a change in the tax laws that would allow their companies to return overseas profits to the US tax free—instantly dropping some $134 billion to their companies’ collective bottom line—to a well buried benefit that will earn them billions as a direct result of modifying Social Security to delay benefits to the millions who will suffer.

And all of this—they would have us believe—is in the interest of serving their country.



THE REST:
http://www.forbes.com/sites/rickungar/2012/11/28/the-great-american-retirement-scam-why-the-wealthiest-ceos-in-america-want-to-take-away-your-social-security/
He's the guy behind the curtain jsr Apr 2013 #1
You knew he was planning to make money of it. That's his only reason for SharonAnn Apr 2013 #48
It's not JUST the money, for him. At 87 years old there's no way... JHB Apr 2013 #61
See what happens when the whole world lives inside an old joke? Bannakaffalatta Apr 2013 #2
This message was self-deleted by its author bahrbearian Apr 2013 #5
He , who dies with all the money wins. bahrbearian Apr 2013 #9
It boggles the mind.. sendero Apr 2013 #3
But we still have freedom jsr Apr 2013 #4
Hey now wait a minute.. sendero Apr 2013 #6
+1000 nt truebluegreen Apr 2013 #7
People need to grind the machine to a halt together HomerRamone Apr 2013 #10
Actually it's a genius of a strategy. rhett o rick Apr 2013 #19
Freedom? SCVDem Apr 2013 #31
Exactly. ctsnowman Apr 2013 #60
How so? THIS Blue Team has offered up and handed over unasked, that which... TheMadMonk Apr 2013 #51
That's just it, we are all supposed to treat our 2 parties like teams so we will get carried away Dustlawyer Apr 2013 #20
Then, imho, we all should just stop voting. What good does it do? juajen Apr 2013 #33
I agree to the extent that it will take a HUGE number of people marching and holding out Dustlawyer Apr 2013 #42
A good general strike would work WHEN CRABS ROAR Apr 2013 #43
K&R. I certainly hope they all stop pretending austerity is the answer. Overseas Apr 2013 #8
Yep. I've posted about this bastard and his Simpson-Bowles cohorts before... Triana Apr 2013 #11
Gee, really? It's just the old saying: mountain grammy Apr 2013 #12
Yes- Always Follow The Money - Who Stands To Gain - Who Stands To Lose cantbeserious Apr 2013 #13
Forbes article about these "Fix the Debt" schmucks.... Triana Apr 2013 #14
Thanks Triana. ctsnowman Apr 2013 #63
I can't fathom- ruffburr Apr 2013 #15
Why does this come as no surprise. AnnieK401 Apr 2013 #16
This is the kind of monster Obama pays attention to. forestpath Apr 2013 #17
May I remind everyone that Pete Peterson headed the committee that picked Timothy JDPriestly Apr 2013 #22
Birds of a feather. forestpath Apr 2013 #25
He is one of the puppet masters pulling Obama's strings. n/t duffyduff Apr 2013 #52
Pete is an 86 year old billionaire who feels fucking the little guy over Snarkoleptic Apr 2013 #18
You're being kind. duffyduff Apr 2013 #53
sorry for the mini-rant ctsnowman Apr 2013 #62
We Are Sooooooo popsdenver Apr 2013 #21
Meet Pete Peterson per Wikipedia. JDPriestly Apr 2013 #23
Is this the same Blackstone Group which is buying up foreclosed single family homes? nt avgjo Apr 2013 #32
Apparently. JDPriestly Apr 2013 #38
Paul Krugman Is Certainly No Fan Of Pete Peterson's DallasNE Apr 2013 #57
I don't know... WinstonSmith4740 Apr 2013 #71
Hostis Publicus Turbineguy Apr 2013 #24
Austerity - just a more cruel and vindictive form of capitalism fasttense Apr 2013 #26
The American people are owners of most of the US Debt. juajen Apr 2013 #35
If only it were just greedy old men, it's everyone in Wall St. raouldukelives Apr 2013 #65
Freaking greedy billionaire pigs arthritisR_US Apr 2013 #27
There isn't one billionaire in this world that worked for their money. Auntie Bush Apr 2013 #37
Cheating and exploitation would be my tacit assumption. arthritisR_US Apr 2013 #59
It's time to focus on this man as we have the Koch Brothers Oilwellian Apr 2013 #28
What can we do about it? They_Live Apr 2013 #29
That kind of explains why mindwalker_i Apr 2013 #30
Parable of the Rich Fool sulphurdunn Apr 2013 #34
Some of these people had dreams of reversing ALL of FDR's New Deal under Ike... Spitfire of ATJ Apr 2013 #36
+1 HiPointDem Apr 2013 #39
k&r Electric Monk Apr 2013 #40
Peterson is as dangerous as the Kochs Faygo Kid Apr 2013 #41
He's worse. He has the president of the United States and Congress wrapped around his finger. n/t duffyduff Apr 2013 #54
It's not a mistake, it's not incompetence ... surrealAmerican Apr 2013 #44
As the great Gomer says: moonbeam23 Apr 2013 #45
i`ll wait to see if obama says anything about this myth of austerity. madrchsod Apr 2013 #46
It doen't matter what "math" and "facts" say: this President stands firm. MannyGoldstein Apr 2013 #47
is there any idea too stupid or destructive that our politicians won't enact if the price is right? yurbud Apr 2013 #49
. blkmusclmachine Apr 2013 #50
So our belts are tightened to pay for corporate greed Blue Owl Apr 2013 #55
Follow The Money DallasNE Apr 2013 #56
Obama mtasselin Apr 2013 #58
Team Obama is leading the charge for Pete's Peterson's Austerity USA. Octafish Apr 2013 #64
There's always someone waiting to profit on misery...... marmar Apr 2013 #66
Wow ! I can't wait to see this covered on the evening news tonight ! eppur_se_muova Apr 2013 #67
This story was posted early Sunday. I want to kick it again. It is huge to my mind. JDPriestly Apr 2013 #68
kick and rec riverbendviewgal Apr 2013 #69
This is an old argument... WinstonSmith4740 Apr 2013 #70
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