CEOs Looking To 'Fix The Debt' By Cutting Social Security Sit On Huge Retirement Accounts

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At thinkprogress.org

Several CEOs -- under the guise of a campaign known as 'Fix the Debt' -- have recently called for cuts to Social Security and other entitlements. Goldman Sachs CEO Lloyd Blankfein, for instance, said that 'there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised.' 'The solutions [to the fiscal cliff] are -- it's the retirement age; means testing Social Security and Medicare,' said Aetna CEO Mark Berolino. 'We just need to get leadership.' Of course, these CEOs have little cause for concern if government retirement assistance is cut, as they have millions of dollars squirreled away in their personal retirement accounts: -- The 71 Fix the Debt CEOs of public companies have average retirement assets of $9.1 million. Of these 71 CEOs, 54 participate in...

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At thinkprogress.org


 

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