Mike Bloomberg joins the Fix the Debt coalition with a Washington Post editorial. Seems like overkill, given how he has a perfectly nice media organization through which he can broadcast opinions, but at least it gives us a fresh view of the nothingness that defines the debt campaign. "There have been signs that Congress and the White House are beginning to move toward an agreement that would include modest tax increases and spending cuts, as well as a commitment to enact broader-based tax and entitlement reforms in 2013," he writes. "While the tax revenue and entitlement cuts being discussed are both less than what I and many others believe are necessary to maximize long-term growth, the specifics of the deal are to some extent less important than the act of getting one." That's not any kind of advice!
And this is joined by a statement from the group.
“The Campaign to Fix the Debt is delighted to have Mayor Bloomberg join as a National Co-Chair. His breadth of experience and pragmatic vision will provide an invaluable resource to the Campaign,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. “Mayor Bloomberg has been a longtime advocate of fiscal responsibility, and his voice will send a strong message to Washington that we have to rein in spending, raise revenue, and reform entitlements in order to get the national debt under control.”
To do what? One thing a billionaire with political power might do is speak out on the sort of tax dodging revealed in this Bloomberg.com story. Or, I guess, he could spoon out more mush.