Bloomberg: Simpson-Bowles Spending Cuts, Clinton-Era Tax Rates Would Balance Budget By 2021

New York City Mayor Michael Bloomberg, during a speech at the Center for American Progress Tuesday, announced his plan to balance the budget by 2021 by adopting the Simpson-Bowles spending cuts, ending the Bush-era tax cuts, and closing tax loopholes. (0:15)

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Bloomberg: $1.2 Trillion Super Committee Deal Almost As Bad As No Deal

New York City Mayor Michael Bloomberg, during a speech at the Center for American Progress Tuesday, advised the Joint Select Commission on Deficit Reduction to adopt the Simpson and Bowles recommendation because a deal of only $1.2 trillion in spending cuts would be “almost as bad as getting no deal at all.” (0:24)

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