Goldman Sachs CEO Lloyd Blankfein came to Capitol Hill this week to call for cuts in Social Security, Medicare and Medicaid. As Congress and the White House are negotiating a year-end deficit deal, Blankfein blustered about the need to “lower people’s expectations” about their retirement and health care. He was loose with his facts. He spoke with all the sympathy for someone struggling to get by on a $14,000-a-year retirement that you’d expect from a Wall Street banker paid $16 million last year. To Bernie, Blankfein’s attack on working families is obscene.
“Think about the arrogance of these guys on Wall Street who were bailed out by the middle class of this country when their greed and recklessness nearly destroyed the financial system, and now they come to Capitol Hill to lecture Congress and the American people about the need to cut programs for working families,” Bernie said. “This is what class warfare is all about.”