A TV interview with Goldman Sachs CEO Lloyd Blankfein has heightened the debate on how America will pay for its retirement benefits and other entitlements – although critics are blasting the source for his company's own recent history of accepting government assistance.
Blankfein, in an interview with CBS News' Scott Pelley, suggests that with mounting pressure on Social Security, solutions including a delayed U.S. retirement age and a general clawback of entitlement programs is in order.
BLANKFEIN: You're going to have to undoubtedly do something to lower people's expectations — the entitlements and what people think that they're going to get, because it's not going to — they're not going to get it.
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