here's lloyd blankfein, ceo and chair of the global investment giant goldman sachs, when asked by cbs news' scotthow he would reduce the federal deficit. >> 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. >> social security, medicare, medicaid? >> some things. and you know, you can go back and 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. entitlements have to be slowed down and contained. >> because we can't afford them going forward? >> because we can't afford them. >> ah, yes, but goldman makes sure their entitlements aren't touched. here's the story. after 9/11, congress created tax-exempt liberty zone bonds to help small businesses rebuild near ground zero. turns out goldman's friends in high places consider it a small business, too, although it made $5.6 billion dollars in profits last year. as the fiscal cliff fiasco was playing