Sunday, January 26, 2020

Bloomberg News Blast Michael Bloomberg's Trillion Dollar Government Spending Programs and It's Lack of a Plan

Michael Bloomberg

This is awesome.

Bloomberg reporter Mark Niquette lays it all out:
Ask Democratic presidential candidate Michael Bloomberg how he’ll pay for his plans to create jobs, provide health insurance and repair roads and bridges, and you get the same answer: Wait until you see my tax plan.

Bloomberg has released almost 20 proposals since joining the race on Nov. 24: $1.2 trillion for infrastructure. $70 billion of federal spending in low-income neighborhoods to aid black homeownership. Another trillion and a half for health care. He hasn’t detailed where the money for the ambitious proposals will come from...

Bloomberg’s campaign says that it plans to release further details about the tax proposal as soon as next week and that it will show how he plans to pay for his proposals.

That would mean details come out before 14 U.S. states vote March 3 on Super Tuesday, the contests on which Bloomberg is staking his campaign. But until then, voters have only heard him say he supports “taxing wealthy people like me” to pay for a growing list of policy proposals.

The approach is at odds with Bloomberg’s pitch -- that his three terms as New York mayor and in building the company that bears his name show he’s a practical problem solver, someone who takes a data-driven approach to running government efficiently.

It’s also at odds with his Democratic rivals who often explain revenue streams when they propose big programs...

-RW





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