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Unmasking the most influential
billionaire in U.S. politics

Los Angeles Times, by Michael Hiltzik

Original Article

Posted By:Photoonist, 10/3/2012 12:30:50 AM

Who's the most influential billionaire business figure in national politics? If you answered one of the Koch brothers (Charles or David) or George Soros, you're wearing your partisan blinders. The former are known for their devotion to conservative causes, the latter to liberal. In either case, you're wrong. The most influential billionaire in America is Peter G. Peterson. The son of Greek immigrants, Peterson, 86, served as Commerce secretary under President Nixon, then became chairman and chief executive of Lehman Bros. Subsequently, he made his big money as co-founder of the Wall Street private equity firm Blackstone Group.

Comments:
He funds The Fiscal Times, from which some articles have been posted here. This article doesn't state what he thinks of 0bama, maybe some clues are on his paper's site?

      


Post Reply  

Reply 1 - Posted by: danu, 10/3/2012 1:25:04 AM     (No. 8905933)

FTA:*He isn't content merely to express concern about the federal deficit. His particular targets are Social Security, Medicare and Medicaid, which he calls "entitlement" programs and which he wants to cut back in a manner that would strike deeply at the middle class.*

Staunchly disagree here.
America has been forced to pay for these programmes; it is taxpayer money.
The Baby boomers paid dearly, whether they wanted to, or not.
Congress stole from the giant Boomer fund--and thought THEY were ENYITLED.

Now that Congress are caught out w/ their hands and feet in the piggy bank, they whinge about the ''entitlement'' attitude of the Boomers who are retiring after 40 yrs of contributions-- to an empty biscuit tin.

This is fraud on a scale which dwarfs Mad Bernie and the other con men.

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Reply 2 - Posted by: Trigger2, 10/3/2012 6:08:22 AM     (No. 8906021)

Apparently, cuts in SS are already here. My sister has been getting SS statements for years and years saying that if she works the full years & months required, she'll get x dollars. Now that the years/months are fulfilled, the last statement says she'll receive $200 less/month. Where did that cut come from? A stealth provision in the Death Bill?

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