Showing posts with label Wealthy 1%. Show all posts
Showing posts with label Wealthy 1%. Show all posts
6/27/17
5/9/17
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."
8/24/13
Plutocrats' New Pitch: Let Us Rob You Now So You Can Plan Ahead for Poverty | Alternet
Plutocrats' New Pitch: Let Us Rob You Now So You Can Plan Ahead for Poverty | Alternet
"Pete Peterson & Co. kindly want to take your Social Security away to prevent you from imagining a dignified future."
"Pete Peterson & Co. kindly want to take your Social Security away to prevent you from imagining a dignified future."
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."
5/30/13
Nearly Zero Percent Savings Interest Rates Are Forcing Seniors to Ration for Survival, While Wall Street Investors Are Making Record Profits
Nearly Zero Percent Savings Interest Rates Are Forcing Seniors to Ration for Survival, While Wall Street Investors Are Making Record Profits
"The continual cries of "austerity" by the wealthy integrally relate to this tale of two economies, because there is no austerity being imposed on the wealthy: it's like the 1920's all over again for them.
"The continual cries of "austerity" by the wealthy integrally relate to this tale of two economies, because there is no austerity being imposed on the wealthy: it's like the 1920's all over again for them.
However, seniors and the working class are being squeezed by cuts in benefits, pay, and the inability to earn interest of any meaningful size on money that they saved for retirement.For most Americans, they have been living in austerity for years now.
It's time to see some austerity imposed upon the 1 percent.
Far too many of the rest of us are already "austeritied" to rationing for survival."
3/21/13
House GOP Approves Budget That Cuts Taxes For Millionaires, Slashes The Social Safety Net
House GOP Approves Budget That Cuts Taxes For Millionaires, Slashes The Social Safety Net: The House of Representatives this afternoon approved the Republican budget plan authored by Rep. Paul Ryan (R-WI) by a vote of 221-207, with 197 Democrats and 10 Republicans voting against it. Three Democrats and one Republican did not vote. For the third consecutive year, the House GOP has approved a budget that ends the traditional [...]/p
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