The Obscenely Rich Men Bent on Shredding the Safety NetQuicklink submitted by Ginger McClemons Permalink
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|CEOs talk about shared sacrifice, but the only thing they want to share is your retirement money with their wealthy friends. The Campaign to Fix the Debt is a huge, and growing, coalition of powerful CEOs, politicians and policy makers on a mission to lower taxes for the rich and to cut Social Security, Medicare and Medicaid under the cover of concern about the national debt. The group was spawned in July 2012 by Erskine Bowles and Alan Simpson, architects of a misguided deficit reduction scheme in Washington back in 2010. By now, the 'fixers' have collected a war chest of $43 million. Private equity billionaire Peter G. Peterson, longtime enemy of the social safety net, is a major supporter.|
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