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Showing posts from November 27, 2012

You Think You're Getting Social Security But You're Not, Says Multimillionaire Banker

You Think You're Getting Social Security But You're Not, Says Multimillionaire Banker
It's maddening, isn't it, when someone who obviously knows exactly what needs to be done insists on being so coy about it? Luckily, Blankfein did offer some specifics on one of those things that we think we're going to get, and aren't:
And you can go back and you can look at the history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. So there will be certain things that 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.Huh. So Blankfein–who was paid $16 million last year, and owns $210 million worth of his company's stock–thinks that people can retire on Social Security after working for 25 years? As Gene Lyons pointed out, that would mean that people are getting their first payc…

Black Friday: American Wage Slaves Fight Over Chinese Slave Goods

Black Friday: American Wage Slaves Fight Over Chinese Slave Goods
November 26, 2012 "Information Clearing House" - How does it make you feel when you see people fight like animals – over something like a new iPhone5 or Samsung Galaxy mobile phone?
You can tell the health of the tree by the quality of its fruits. America, as is evidenced by this week’s annual materialistic ritual known as ‘Black Friday’, has produced this particularly rotten fruit, consistently. It’s getting way too predictable for our liking.