Mayor Bloomberg: Let Bush cuts expire and pass Bowles-Simpson
(NEWSER) - Mike Bloomberg sounds a little weary of election-year politics as it pertains to the economy. President Obama, for instance, is tacking way left with his populist call to soak the rich. His tax plan "is a political strategy, not an economic one," writes Bloomberg in the Wall Street Journal . "It will have virtually no bearing on the federal deficit or our ability to finance current spending levels." Republican candidates aren't much better. "They say they'll make the Bush tax cuts permanent while also eliminating the deficit," he writes. "If you believe that, I've got a bridge to sell you." More»
