Showing posts with label Billionaires. Show all posts
Showing posts with label Billionaires. Show all posts
6/27/17
11/20/13
CEOs With Massive Retirement Fortunes Push Social Security Cuts | The Nation
CEOs With Massive Retirement Fortunes Push Social Security Cuts | The Nation
"These CEOs aren’t just trying to short the average American retiree; they’re throwing their own under the bus. While raising alarm about the federal debt, Business Roundtable CEOs have run up massive deficits in their employees’ pension funds."
"These CEOs aren’t just trying to short the average American retiree; they’re throwing their own under the bus. While raising alarm about the federal debt, Business Roundtable CEOs have run up massive deficits in their employees’ pension funds."
11/19/13
CEOs with Platinum Plated Pensions Want to Raise Social Security Eligibility to 70
CEOs with Platinum Plated Pensions Want to Raise Social Security Eligibility to 70
"According to a new report, CEOs at the forefront of the drive to “fix the debt” by slashing Social Security and Medicare, possess personal retirement funds worth an average of $14.5 million, and three have retirement nest eggs worth more than $100 million. The average Social Security check is $1,308 per month."
"According to a new report, CEOs at the forefront of the drive to “fix the debt” by slashing Social Security and Medicare, possess personal retirement funds worth an average of $14.5 million, and three have retirement nest eggs worth more than $100 million. The average Social Security check is $1,308 per month."
CEOs Against Grandmas | Common Dreams
CEOs Against Grandmas | Common Dreams
"David Cote, the CEO of Honeywell, has more than $134 million in his personal retirement fund. If I were sitting on a nest egg that big, I might feel a bit sheepish about telling ordinary grandmas and grandpas to take a cut in their Social Security payments. But Cote — and leaders of many other large corporations — don’t see it that way. In fact, as Congress prepares for yet another budget showdown at the end of the year, the loudest calls for Social Security cuts are coming from CEOs who will never have to worry about their own retirement security.
Two lobby groups have organized CEOs into an austerity army."
"David Cote, the CEO of Honeywell, has more than $134 million in his personal retirement fund. If I were sitting on a nest egg that big, I might feel a bit sheepish about telling ordinary grandmas and grandpas to take a cut in their Social Security payments. But Cote — and leaders of many other large corporations — don’t see it that way. In fact, as Congress prepares for yet another budget showdown at the end of the year, the loudest calls for Social Security cuts are coming from CEOs who will never have to worry about their own retirement security.
Two lobby groups have organized CEOs into an austerity army."
10/28/13
Meet 3 Master Manipulators of America’s Oligarchy | Alternet
Meet 3 Master Manipulators of America’s Oligarchy | Alternet
"Whether they’re ginning up deficit hysteria to cut Social Security or blaming teachers and firefighters for state budget crises, these 1 percenters pose as defenders of your interests while arranging things so that they can plunder America and leave hard-working people with scraps."
"Whether they’re ginning up deficit hysteria to cut Social Security or blaming teachers and firefighters for state budget crises, these 1 percenters pose as defenders of your interests while arranging things so that they can plunder America and leave hard-working people with scraps."
10/19/13
Billionaire Koch Brothers Spending Millions To Deny Health Coverage To Low-Income Americans
Billionaire Koch Brothers Spending Millions To Deny Health Coverage To Low-Income Americans: Volunteers with the conservative organization are distributing misleading flyers, attending committee hearings, and intimidating constituents.
10/17/13
Beer Offensive: The Koch Brothers Try to Bribe College Students Not to Sign Up for Obamacare with Brewskies | Alternet
Beer Offensive: The Koch Brothers Try to Bribe College Students Not to Sign Up for Obamacare with Brewskies | Alternet
"What's a family values conservative to do when every effort to protect millions of Americans from the scourge of affordable healthcare fails?
"What's a family values conservative to do when every effort to protect millions of Americans from the scourge of affordable healthcare fails?
Break out the beer, of course. The latest campaign to kill off Obamacare in its infancy is now playing out on college campuses where a conservative group known as Generation Opportunity (GO), who are funded in part by the billionaire Koch brothers, is using the lure of free beer and "opt out" beer koozies to persuade young students not to buy health insurance – or, at least, not to buy it from the Obamacare exchanges."
10/9/13
Dear WWII Vets, Forget About the Monument, They Are Gunning for Your Social Security
Dear WWII Vets, Forget About the Monument, They Are Gunning for Your Social Security
"As the government shutdown marches on and the dangerously real deadline of the federal debt limit approaches, it is increasingly clear that the fight over "Obamacare" is merely an opening salvo. The real goal of the hostage takers is a "Grand Bargain" on the budget that would include cuts to Social Security and Medicare.
"As the government shutdown marches on and the dangerously real deadline of the federal debt limit approaches, it is increasingly clear that the fight over "Obamacare" is merely an opening salvo. The real goal of the hostage takers is a "Grand Bargain" on the budget that would include cuts to Social Security and Medicare.
This has been the long-term agenda for debt crisis-monger Pete Peterson and government haters David and Charles Koch for many decades."
7/8/13
Koch Brothers To Pour Millions Into Obamacare Misinformation Campaign
Koch Brothers To Pour Millions Into Obamacare Misinformation Campaign: Americans for Prosperity — a conservative group funded by the Koch brothers — is spending millions on ads that aim to turn Americans against the Affordable Care Act, just as government officials prepare to enroll the uninsured in the law’s new health care exchanges beginning on October 1. The campaign will eschew attacks on President [...]/p
7/5/13
Time to Celebrate! Pete Peterson’s “Fix the Debt” Flunkies Blow Their July 4 Deadline for Austerity
Time to Celebrate! Pete Peterson’s “Fix the Debt” Flunkies Blow Their July 4 Deadline for Austerity
"many Fix the Debt CEOs pontificate about the need for "entitlement reform" and cuts to Medicare and Social Security while underfunding their company pension plans (and of course enjoying gold-plated retirement packages themselves)."
"many Fix the Debt CEOs pontificate about the need for "entitlement reform" and cuts to Medicare and Social Security while underfunding their company pension plans (and of course enjoying gold-plated retirement packages themselves)."
6/18/13
Celebrate the Defeat of the Granny Bashers! Billionaire-backed Campaign Fails to Cut Social Security and Medicare | Alternet
Celebrate the Defeat of the Granny Bashers! Billionaire-backed Campaign Fails to Cut Social Security and Medicare | Alternet
"Just to remind everyone, the Campaign to Fix the Debt (CFD) is yet another Peter Peterson-inspired initiative that has as its main goal cutting and/or privatizing Social Security and Medicare. Peterson has used the billions of dollars he earned as a Wall Street investment banker and private equity fund manager to finance a whole slew of Washington-based outfits for this purpose over the last two decades."
"Just to remind everyone, the Campaign to Fix the Debt (CFD) is yet another Peter Peterson-inspired initiative that has as its main goal cutting and/or privatizing Social Security and Medicare. Peterson has used the billions of dollars he earned as a Wall Street investment banker and private equity fund manager to finance a whole slew of Washington-based outfits for this purpose over the last two decades."
3/18/13
House GOP Budget Would Give Millionaires A $200,000 Tax Cut
House GOP Budget Would Give Millionaires A $200,000 Tax Cut: The latest House Republican budget would grant taxpayers with incomes above $1 million at least $200,000 in tax cuts even if the GOP closes tax loopholes to help pay for the plan, according to an analysis from Citizens for Tax Justice. The GOP plan, authored by Budget Committee Chairman Paul Ryan (R-WI), aims to reduce [...]/p
3/14/13
Inequality and the Social Security Debate | Common Dreams
Inequality and the Social Security Debate | Common Dreams
"Next time you see one of these CEOs on TV lecturing about belt-tightening, keep in mind who’s talking. The stakes in this debate are extremely high for ordinary Americans who work hard every day but still have to worry about their retirement security. For CEOs with mega-million retirement funds, there’s not much to lose."
"Next time you see one of these CEOs on TV lecturing about belt-tightening, keep in mind who’s talking. The stakes in this debate are extremely high for ordinary Americans who work hard every day but still have to worry about their retirement security. For CEOs with mega-million retirement funds, there’s not much to lose."
3/7/13
Has NPR Joined Peter Peterson's Crusade Against Social Security and Medicare? | Common Dreams
Has NPR Joined Peter Peterson's Crusade Against Social Security and Medicare? | Common Dreams
"Peter Peterson, the Wall Street investment banker, has been most visible in this effort, committing over $1 billion of his fortune for this purpose. Recently he enlisted a group of CEOs in his organization, Fix the Debt, which quite explicitly hopes to divert concerns over income inequality into concerns over generational inequality. It argues that programs like Social Security and Medicare, whose direct beneficiaries are disproportionately elderly, are taking resources from the young."
"Peter Peterson, the Wall Street investment banker, has been most visible in this effort, committing over $1 billion of his fortune for this purpose. Recently he enlisted a group of CEOs in his organization, Fix the Debt, which quite explicitly hopes to divert concerns over income inequality into concerns over generational inequality. It argues that programs like Social Security and Medicare, whose direct beneficiaries are disproportionately elderly, are taking resources from the young."
2/26/13
Meet the Wall Street Billionaire Obsessed With Looting Social Security | Alternet
Meet the Wall Street Billionaire Obsessed With Looting Social Security | Alternet
"Now Peterson wants to loot Social Security. For decades he has warned of a “Pearl Harbor scenario” in which spending on Social Security and Medicare causes an epic economic meltdown. Fix the Debt is only his latest project pushing the message that the deficit poses a “catastrophic threat,” and the media have been content to echo his warnings. But people should know better than to be frightened by this chorus of calamity. Peterson is no master of prediction when it comes to economic crises. When an actual threat to the economy—the $8 trillion housing bubble—loomed ominously overhead, Peterson said nothing, even as credit markets froze, subprime lenders filed for bankruptcy and economists like Dean Baker shouted from the rooftops."
"Now Peterson wants to loot Social Security. For decades he has warned of a “Pearl Harbor scenario” in which spending on Social Security and Medicare causes an epic economic meltdown. Fix the Debt is only his latest project pushing the message that the deficit poses a “catastrophic threat,” and the media have been content to echo his warnings. But people should know better than to be frightened by this chorus of calamity. Peterson is no master of prediction when it comes to economic crises. When an actual threat to the economy—the $8 trillion housing bubble—loomed ominously overhead, Peterson said nothing, even as credit markets froze, subprime lenders filed for bankruptcy and economists like Dean Baker shouted from the rooftops."
2/19/13
Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams
Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams
"And as Washington argues about whether it should spend millions to save Main Street’s resiidents trillions, both parties are reportedly open to a budget agreement that would cut $130 billion in Social Security benefits for the elderly and disabled over the next ten years (according to White House estimates). In Washington that’s an acceptable “buy-partisan” solution.
"And as Washington argues about whether it should spend millions to save Main Street’s resiidents trillions, both parties are reportedly open to a budget agreement that would cut $130 billion in Social Security benefits for the elderly and disabled over the next ten years (according to White House estimates). In Washington that’s an acceptable “buy-partisan” solution.
But, especially for the Republicans, it isn’t acceptable to ask the bankers who cost Americans trillions of dollars – and walked away wealthy – to spend millions to prevent another trillion-dollar crisis."
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