Filthy Rich CEOs Are Lobbying to Cut Medicare, Social Security and Push the Retirement Age Back

Friday, November 22, 2013
By Paul Martin

RINF.com
Nov. 22, 2013

The loudest calls for Social Security cuts are coming from CEOs who will never have to worry about their own retirement security.

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. One is the Fix the Debt campaign, which is spending tens of millions of dollars on slick PR tactics to garner public support for cutting popular programs like Social Security and Medicare. More than 135 chief executives have signed up as Fix the Debt spokespeople.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter