The Post-Partisan Emporium

  Billionaire Larry Fink of BlackRock, Which Grabbed Fed Bailouts in 2020-2021, Lectures Struggling Seniors on Making More Sacrifices By  Pam Martens and  Russ Martens : March 27, 2024 ~ Laurence (Larry) Fink, Chairman and CEO, BlackRock Yesterday, billionaire Larry Fink, Chairman and CEO of the giant investment manager BlackRock, released his  annual letter to shareholders . In it, Fink revives the same ole trope that billionaires Kenneth Langone and Stanley Druckenmiller were taking on a road show in 2013. Back then the billionaire propaganda was called: “ General Theft: How Entitlement Spending is Stealing Opportunity from America’s Youth .” Every time there is talk of raising taxes on the super-rich, some of whom pay less in taxes than plumbers and teachers through a  tricked-up tax dodge known as “carried interest ,” the billionaires launch a concerted effort to scapegoat struggling seniors living on an average monthly Social Security retirement benefit of $1772.51. The inability

  Trump, Shapiro and the War on Social Security The death of "Entitlements" DONALD JEFFRIES Ben Shapiro, the smarmy young elitist who co-founded conservative platform The Daily Wire, took a break from fondling the Wailing Wall the other day. Next to enthusiastically shilling for Israel, his key issue seems to be eliminating Social Security. You know, the primary income most retired people rely on. Shapiro came out with both guns blazing, firing away at….American senior citizens. He called retirement itself a “stupid idea” and said it was “insane” that the retirement age hasn’t been raised. This has long been a Stupid Party staple- just keep raising the retirement age. That way there will be less of the old, useless eaters to pay. Shapiro inaccurately referred to the fact that Americans are living longer, when actually the life expectancy rate in this country has been falling for the past several years. That’s because of our crack Medical Industrial Complex, and our preservati

What else is there to do?! SEPTEMBER 11, 2022   BY MICHAEL MAHARREY American consumers continue to cope with  rising prices  and prop up the sagging economy using their credit cards. Total consumer debt rose another $23.8 billion in July to a record $4.644 trillion, according to  the latest data from the Federal Reserve . On an annual basis, consumer debt rose by 6.2%, moderating somewhat from the last few months as the CPI cooled thanks to a drop in energy prices. The Federal Reserve consumer debt figures include credit card debt, student loans, and auto loans, but do not factor in mortgage debt. When you include mortgages, US consumers are buried under more than $16.2 trillion in debt. Consumer credit grew by an average of $30 billion per month through the first seven months of the year. Americans are burning up their plastic in order to make ends meet. Revolving credit, primarily reflecting credit card debt, rose by another $10.9 billion, an 11.6% annual increase. To put that into p