Hypocrites With Fat Wallets: CEOs Want It All

[marmar]

Hypocrites With Fat Wallets: CEOs Want It All

Sunday, 05 May 2013 10:48
By Sam Pizzigati, Inequality.org | News Analysis

America’s top corporate executives love lecturing the rest of us about ‘fiscal responsibility.’ They want us to expect less from government. But they expect more, and a new report shows how they’re getting it.

Last week, federal unemployment benefits for the 400,000 Californians out of work since last fall dropped almost 18 percent, a $52 cut out of an average $297 weekly check. Similar cuts have already started rolling out in other states.

In all, 3.8 million long-term unemployed Americans will on average lose near $1,000 each by September 30, the date that ends the 2012 federal fiscal year.

The direct cause of all these cuts: the “sequester,” the $85 billion in federal austerity budget reductions that kicked in this past March 1.

Who deserves the “credit” for this meat-axe sequester? Credit the power suits who occupy Corporate America’s loftiest executive suites. These top corporate executives — organized in groups like “Fix the Debt” and the Business Roundtable — have been lobbying relentlessly for deep cuts in federal spending. ..................(more)

The complete piece is at: http://truth-out.org/news/item/16180-hypocrites-with-fat-wallets-ceos-want-it-all

[lastlib]

1. It's all a matter of who they want sucking at the govt teat....

...and they want it to be themselves. Infuriating!

.

[KansDem]

2. "...have been lobbying relentlessly for deep cuts in federal spending."

Unless an invasion or bogus war will funnel wealth their way, then these CEOs are all for "federal spending." whether we have the money or not.