The Blankfein Thing

This has gotten much play in the Haute Blogosphere for many days now:

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.

PELLEY: Social Security, Medicare, Medicaid?

BLANKFEIN: You can look at history of these things, and Social Security wasn’t devised to be a system that supported you for a 30-year retirement after a 25-year career. … So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.
PELLEY: Because we can’t afford them going forward?

BLANKFEIN: Because we can’t afford them.

Jeebus what a freak.

The notion that this mook should be lecturing anyone on matters of what we can "afford" and "fiscal cliffs" and so forth is surreal and insulting. His own sense of entitlement (and his bone ignorance) is unlimited.

Perhaps he would do well to contemplate just how close he and his ilk are to a ride in a tumbril before he and they mouth off again.