Tuesday, November 15, 2011
He should practice what he preaches
From the NY Post:
Sure, when it comes to Washington’s spending, he’s got all the answers. But critics note New York City’s debt has ballooned on Mayor Bloomberg’s watch.
Hizzoner said on Tuesday that fixing the federal budget is “just not that difficult to do, if you have courage.”
He scolded President Obama and both houses of Congress for their budget gridlock, sketching out a costcutting, taxraising, entitlement shaving plan that he said would dismantle the deficit and balance the budget in 10 years.
“I was reminded of the guy telling his neighbor how to fix his roof while his own is leaking,” Councilman James Oddo (RSI/Brooklyn) said of Bloomberg’s lecture. “Ten years into the mayor’s term, we have large, longterm fiscal problems we have not dealt with.”
Bloomberg’s budgets have increased the city’s capital debt by 72 percent —from about $42.7 billion when he took office in 2002 to $73.5 billion today.
That comes out to $8,763 of debt for every New Yorker, or 18 percent of an average New Yorker’s personal income — up from $5,293, or 14.3 percent, in 2002.