Let’s say you’re a pampered CEO making millions, and you create the most toxic debt known to mankind, debt so poisonous it blows up and crashes the entire US economy, throwing millions of taxpayers like me into the snapping jaws of unemployment and misery. Then tax payers like me bail your rich ass out to the tune of a trillion bucks securing your multi-million dollar bonuses and luxurious retirement. How would you reward those taxpayers? If you’re a Wall Street investment banker, you scold us over the national debt and tell us we must sacrifice more:
HuffPo — The hypocrisy of Lloyd Blankfein, a Wall Street banker, and other corporate leaders who have inserted themselves into the debate over major tax and spending decisions under consideration in Congress is nothing short of repugnant. Blankfein’s Goldman Sachs got billions from the federal government during the Wall Street bailouts, enabling him to hold a job that paid him $16.1 million in 2011, and now he wants the rest of us to take a pay cut … Blankfein is one of many Fortune 500 CEOs who joined together under the name “Fix the Debt,” a campaign to cut Social Security, Medicare and Medicaid to address the federal deficit during the fiscal showdown. This group of more than 90 CEOs is pushing cuts to middle-class programs while shielding millionaires, billionaires and big corporations from tax increases.
But wait there’s more, so much more! For a limited time, CEOs with millions in retirement benefits we taxpayers also saved have now mostly finished raiding our pension funds, and out now offering to rip off the Social Security and Medicare we paid into for decades:
In a Nov. 25 appearance on NBC’s Meet the Press, a charter member of Fix the Debt, Honeywell CEO David Cote, said, “We have a significant problem with entitlements, Medicare and Medicaid in particular.” This from a guy with retirement assets of more than $78 million. And, IPS points out, his company’s employee pension plan is underfunded by $2.8 billion.
These assholes probably see nothing the least bit unethical or immoral in what they are doing. They cannot be reasoned with, they can ony be defeated.