Bloomberg: US has 'infinite amount of money'

Sometimes, a comment by a politician is very revealing of their true feelings. Such is the case with this offhand comment by New York Mayor Michael Bloomberg. Although the national media has been relentlessly focused on this deadline, Mayor Michael Bloomberg said it will only affect New York City if the so-called "sequestration" continues for a significant length of time. "It depends on how long," Mr. Bloomberg said on his weekly WOR radio show with John Gambling. "If it lasts a few weeks, no. If it does, yeah. We get 10 or 12 percent of our budget from the federal government, not all of that is going to be cut back, but there would be effects-not good effects. But in the context of, 'Is anything going to change tomorrow? Are we going to run out of money tomorrow?' I'm sure I'll get that question at the [next] press conference. No." Furthermore, while saying the federal deficit does indeed need to be curtailed, Mr. Bloomberg argued the United States could owe "an...(Read Full Post)

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