This guy is in Hell but doesn't know it.

Pete Peterson has my vote for Fascist Bastard of the Year!!

Wait till you deal with Elder Care issues and find out first hand just how this whole thing plays out.
Don't count on leaving much, if anything, to your heirs.
What they will inherit is the last days of your life ( or years) will be fraught with navigating a boondoggle system, while trying to make the best decisions for their loved one.
And in the end, Medical will take most, or all, the assets.
Signed, being "educated" as we go, while Mother dies a slow death.

Excellent article, excellent expose.

If the Dems gut Social Security in the name of bipartisanship on Obama's watch, then they are toast forever.

Bill from Saginaw

It is inevitable that both parties will work together to gut social scurity and medicare in order to pay for the cost of political and business corruption, the expansion of the overseas empire and the coming war with Iran. It is a simple question of priorities.

Real bank robbers aren't quite so dumb. The real Willie Sutton didn't actually say any such thing. This was attributed to him by a reporter.

In any case Sutton's reputation is besmirched by comparing him to a hedge fund manager.

"Never trust anyone over 30" (or, I might add, who pulls down more than $100,000 a year). Progressives won the important battles, for civil rights, womens rights, peace, and the environment, back in the 1960s. But, unfortunately, they did hatch some awful slogans. When it came to generational warfare, or class warfare, the hippies support was pretty weak: they knew they would grow old, and desired money like anyone else.

Ironically, people on the right were deeply offended. They knew they had been engaging in neither (but they also knew these were just slogans). Yet, at that point they hatched a plan, and have been engaging in BOTH class warfare and generational warfare ever since. Thats what the tax cuts were about, the deregulation of the finance sector, and the massive debt. It was all leading to this: where the poor and the young are asked to pay for it all.

This is important for young people to grasp. You don't inherit someone elses $13 trillion debt, made by giving tax cuts to the richest people in the country, unless they hate you, and your relative poverty. The sooner young people grasp that regressives have been engaged in BOTH class warfare AND generational warfare for 30 years now, the sooner they can join the battle, and win it for themselves.

(Oh, yes, and the roads, bridges, and electric lines are all about broken. Someone focused on tax cuts for themselves thought you wouldn't mind footing the bill on this one, too. Oh, and would you mind paying for Iraq? There's a fellow...)

Well he's definetly going to hell ! Rich people have so much arogance, look at Bush, he thinks he has done nothing wrong at all...they all seem to have some inability to have empathty, oh I no ! they are soicialpaths, or however you spell that ..they are selfish dick heads that have no remorse for their evil deeds .

It's Rule by the divine right of Billionaires.

Very carefully, billionaires have placed themselves as champions of freedom and democracy. And way too many people who are not billionaires and suffer because there are billionaires believe them.

Peter Peterson should be dragged from his office and beaten with sticks. But instead he'll get a good online scolding.

At what outrage do we stop blogging and take to the streets?
We're doomed because we don't act, we only react. And our reactions are all powerless because we're too spooked to leave our homes.

The revolution will not be blogged.

The latest report of the Bipartisan Commission that monitors Social Security forecast that Social
Security will be able to pay out the full benefits
for another 25 years (and the present level of benefits forever).

One simple change to the Social Security law (removing the ceiling on income subject to Social
Security tax currently $106,800 per year) would enable us to reduce the tax rate paid by both
employers and employees by at least one-third and
ensure Social Security solvency forever.

Right now billionaire hedge fund thieves pay the
same number of dollars to Social Security as do
new pharmacists at Walgreen's

Watch the markets.

http://www.zerohedge.com/article/pomo-schedule-announced-105-billion-monetizations-through-december-9

Yet another wet dream of emerging oligarchs, to be facilitated by the triangulating Oilbomber.

and on a lighter note, the guy, (Peter Peterson), has a double phallic name, is it any wonder what he wants to do to us?

Yes I do resent a few people having too much money and power over the rest of us.

Paupers Launch Campaign to Slash Peter G. Peterson.

What, really, do the rich do to earn their keep in a society?

Very few of them put in an honest day of work.

Few of them (contrary to those characters in Ayn Rand novels) create anything useful or beautiful. At very best, they fund someone - in an already publicly-funded State U. then sieze the patent for their own, for pennies on the dollar of the patents ultimate value, exploiting the need for the salary-earning inventor to keep his family fed. Or they simply use the clever patent-writing services of lawyers the rich man hires. But even these are a minority; most have nothing even perpherally to do with creating anything useful.

Alternatively, they earn their fortune on the backs of millions of sweatshop workers paid a penny on the dollar of the actual labor-value of the products thay make.

Mostly, they just make money with money using elaborate gravity-defying investment "instruments", that fall back to earth when someone else is holding the "instrument" which most recently were the roofs over family's heads. And they do this with inherited family money at that.

So, what good are they? Indeed, the question should be how bad they are.

Imagine what a society would look like if all the wealth generated in an economy was distributed to the people who actually produce it, in accordance with effort and sacrifice, and only effort and sacrifice - not pre-existing wealth or position in a heararchy. What a wonderful time to be alive that would be!

I expect a response from the troll Hector or whatver his nick is. We should look at his posts positively, the fact that the rich are trolling here is a sign that they are worrying.

Remember 1789, 1917, 1949, and 1959, rich man! That's not a threat, just a lesson from history.

Pete Peterson is the old crippled mean banker character Potter from the classic 40's movie "It's a Wonderful life." He wants to steal Uncle Billy's deposit ( all our SSI deps.) and give it all to himself like Potter did in the movie. Old man Potter is the quintessential American banker today. They all want to reduce the rest of us to paupers and force us to live in Pottervilles of their making. Unfortunately, it's looking pretty good for them these days.

"Is there no shuffleboard court where this man could spend his golden years?"

The point is here's a person with too much wealth planning to perform an asocial deed with some of it. He could as well be old, rich, and do good. Theoretically.

We all have little prejudices, but they, in this case ageism, don't belong in good writing.

I really don't think any amount of spending, lobbying, and propagandizing about cuts, privatization, etc. will avert a huge public outcry when Social Security is actually attacked. I hope I'm right.

Social Security has a 2.5 TRILLION dollar surplus, which was "borrowed" (stolen) to pay for other things . It will soon need to be repaid, and so now is the time for trashing SS. This is the ugliest form of class-war. The US is already way behind other western democracies in caring for its citizens, but nothing short of 100% corporate feudalism will satisfy these freaks. There are many sides to human nature, and these people personify all the worst.

Where my parents come from, they would grap this piece of shyte, slide some tires around his body, set him on fire and roll him down the street. Then, the poor people would make sandwiches with his meaty face. We are but sheep, in this country.

Wow. A man with all his billions wants to take away the only modest little safety net that keeps millions out of dire poverty (and even that only sometimes barely so).

The billionaire hedge fund vampires pay a smaller percentage of their income to taxes (on their ill gotten gains) than a waitress. The billionaires pay just a small fraction of their "compensation" to Social Security while all of a waitress's wages are subject to SS taxes. Just lift the cap on wage taxes which is currently set at $106,800 and have Pete Peterson pay SS taxes on all his earnings.
This jihad against SS by billionaires is just pure forking evil. Do not raise the retirement age, do not cut SS or the COLA, instead strengthen SS.

Peter Peterson is a rat bastard. It will be interesting to see how many of his brethren fall in line. Those that do will be doomed forever. They will find hell on earth.

Cut billionaires. To the bone.

I wish when an article like this is written that the reporter give the address where this schmuck Peter Peterson lives. The address of his offspring would be helpful as well. The earth will do fine without their presence.

This is personal. Needs a face to face solution.

Not too old to be taught a lesson. Boycott his companies? Or a paddling?

Not too old to be taught a lesson. Boycott his companies? Or a paddling? I'm sick of hearing what rich people think. They've created the mess this country is in. How about a visit to Madame Guillotine?

The only people I know who really want to keep on working after retirement are those lazy bastards in Congress. Just ask a brick layer or a brain surgeon if they want to keep working, put another way..do you want a 70 year old building your house or operating on your brain? Writers, artists, musicians are equipped to keep working longer as they are productive and contributing citizens.

The cost of living increase being denied for the second year in a row since its inception is nuts. Evidently the only people who feel it is necessary to keep up with the increases in the cost of living are those in Congress who voted themselves another nice increase. Their standard answer is... that they have to give themselves a raise because it is the law. My answer to that is... the people who made the law can change it.

I suggest putting the question of changing Social Security on a state referendum and hold a one time special election and let the people decide. Just put it on a ballot (a paper ballot) without any campaigning or any propaganda from the right or their think tanks or from any one of the deficit commissions. Settle the debate once and for all and get on with addressing the real cause of deficits...tax cut for the wealthy and endless wars!!!!

The only problem with Social Security is that Peter Peterson and other people making over $100,000 aren't paying their fair 13% into it.

These guys think they're winning the class war.

All they're doing is prompting the dusting off of the guillotines.

Shouldn't we just rename America "Potterville" and be done with it?

FIRST -- SOCIAL SECURITY COSTS GOVERNMENT NOTHING --
FICA PAYMENTS ARE MADE BY EMPLOYEES AND EMPLOYERS AND HAS NOTHING
TO DO WITH THE DEBT!! NEITHER ADDING TO IT, NOR SUBTRACTING FROM IT!!

SOCIAL SECURITY IS IN THE BLACK AND IF THE TREASURY NOTES
WERE IMMEDIATELY CASHED IN IT WOULD BE SOLVENT INFINITELY.

AND SOCIAL SECURITY IS RUNNING HUGE SURPLUSSES EVERY YEAR --
$250 MILLION AND MORE WHICH HAS SERVED AS A SLUSH FUND FOR
WARS AND TAX CUTS FOR THE RICH.

BUT THIS IS AN INTERESTING COMPARISON OF HOW WELL THE
WEALTHY HAVE BEEN TREATED BY RIGHT WING POLITICIANS IN
CONGRESS WHOM THEY HAVE HAVE BOUGHT AND OWN....

QUOTE ....

It’s hard to get your head around how rich Peterson is, and how many rich people there are in this country. But here’s how to put their money in perspective, in relation to Social Security. If Congress decides to extend those tax cuts, for households making $250,000 or more (the top 2 percent of earners), the money the Treasury will lose would be enough to put Social Security in the black for 75 years--and raise benefits by 2 percent.

UNQUOTE

Imagine being Peter Peterson and waking up every morning
with such a world of opportunity within his reach and yet
his personal goals are to destroy and harm millions of others. Unimaginable!

.

"According to all myth, the female - not the male -- gives life"

capitalism

The Social Security tax is a regressive tax. If you made $400 last year, you paid 13% of that into Social Security. Ouch!! If you made $100,000, you paid 13% into Social Security. If you made $1,000,000, you paid 13% on the first $100,000 and zero on the last $900,000, for an average tax rate of 1.3% on your income.

By bumping up the retirement age to, say, 80, they're telling all the middle income people who paid the tax all their life, and not the rich, that they're getting a little haircut. The government's biggest expense by far has been the Iraq war, which apparently has benefited Exxon, Shell and the Chinese government that will now get all the oil. So, basically they're haircutting a little off the top of the life savings of people who have paid into Social Security for 40 years or so. These hard working people have just been stooges to put their money in the United States Bank, and they will now have to shoulder the brunt of the war debt instead of having their money back. This tax has nothing to do with "making Social Security solvent". It's a bank robbery against your life savings.

Anyone here familiar with David Baerwald's album called "Triage?" David Baerwald was one half of the group David & David who made a brilliant album in the 80's titled, "Welcome to the Boomtown."

Baerwald's album is an amazing piece of work. A complex musical and lyrical album that is very political but not done in the traditional overt manner. The cover has a blood-stained hand juxtaposed over a US flag.

Baerwald did this album in the late 80's early 90's, can't remember exactly the year. He dedicated the album to Dean Acheson, Allen Dulles, James Baker III, George Bush Sr. and a few others of that ilk. In the dedication given to those men he followed it with, "In the hope that there is a God and that He is vengeful beyond all comprehension."

Same dedication applies to Peter Peterson.