NEW YORK (CBSNewYork) — Mayor Michael Bloomberg said the deficit-fighting supercommittee in Congress must make bold steps to balance a the nation’s budget.

LISTEN: 1010 WINS’ Stan Brooks reports

On Tuesday, Bloomberg said the supercommittee must act immediately to come up with a blue print for the balance. He said we need bold action and we need it now.

“What we need from the supercommitte isn’t a plan that tinkers around the edges,” he said. “We need a bold, long-term and comprehensive plan that will stabilize a federal budget that is hemorrhaging money and put us on the path of long-term economic growth and stability.”

Bloomberg said more government or consumer spending and further tax cuts won’t fix the economy.

LISTEN: WCBS 880’s Rich Lamb reports

“Real deficit reduction means more jobs today and more jobs tomorrow,” he said. “But real deficit reduction requires something else — real political courage and that unfortunately is the biggest deficit we face.”

The supercommittee has to come up with legislation by Nov. 23 that would slash deficits by at least $1.2 trillion over the next decade.

Bloomberg said Democrats must accept cuts in health care and social security and that Republicans must allow the George W. Bush’s tax cuts to expire at the end of next year.

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Comments (10)
  1. sammy says:

    This man needs to be sent away permantly

  2. Winston Smith says:

    The Fix
    There recently was an article in the St. Petersburg , Florida Times. The Business Section asked readers for ideas on: “How Would You Fix the Economy?” I think this guy nailed it!
    Dear Mr. President,
    Please find below my suggestion for fixing America ‘s economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.
    You can call it the “Patriotic Retirement Plan”:
    There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations:
    1) They MUST retire. Forty million job openings – Unemployment fixed.
    2) hey MUST buy a new AMERICAN Car. Forty million cars ordered – Auto Industry fixed.
    3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed.
    It can’t get any easier than that!!
    P.S. If more money is needed, have all members in Congress pay their taxes..
    Mr. President, while you’re at it, make Congress retire on Social Security and Medicare. I’ll bet both programs would be fixed pronto!

  3. SokrMom says:

    First, rich people like Bloomberg must be protected from becoming any less rich. Second, the federal government must arrest and put in prison all of the protestors who disagree with the first principle and dare to say so. Just these two steps would mean happy days are here again! See, wasn’t that easy?

  4. Imr says:

    He is so right…

    1. Ivan Baddboi says:

      BLOOMBERG WAS THE #1 FUNDER OF BUSH/CHENEY. But the media kept that silent to protect the Naked Emperor.

      AND BLOOMTURD is like all Republicans: a SUPER-FISCAL-LIBERAL. (Even the GOP says Reagan is their god b/c he TRIPLED America’s debt. Even Bush and Obama couldn’t come close to that liberalism!


  5. Schmellma Arss says:


  6. ttrue nyc says:

    IS he the mayor or the president?

  7. Vik says:

    Mayor Dumberg needs to get his chicken nose out of national affairs and bring his chicken butt back to reality here in NYC and deal with OUR problems. Starting with the slime in Zuccotti Park. Wassamatter Mayor — you afraid of people in diapers with fleas?

    1. Ivan Baddboi says:


      EX: he broke 100% of his campaign promises!!
      EX: he has more scandals than any other politician, which is why he pays out record “donations” per year like Boss Tweed did, to BUY OFF any criticism and BUY OFF the attorney generals etc.

    2. John Dhu says:

      Allowing Bush tax cuts to expire is a much needed step in the right direction.

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