Blankfein has urged policymakers to reach a compromise to avoid the fiscal cliff, including cutbacks to programs like Social Security and more revenue from the wealthiest Americans.
“Social Security wasn’t devised to be a system that supported you for a 30-year retirement after a 25-year career,” he said in an interview with CBS news on Nov. 19. “The retirement age has to be changed.”
“In the long run, there has to be more revenue,” he said. “The burden of that revenue will be disproportionately taken up by wealthier people. That’s just logical.”