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Mayor Michael R. Bloomberg has no easy options, and he is running out of hard ones, as well; he is calling for budget cuts, tax increases, and help from Albany.
The president has already fallen into the trap by calling for budget cuts in programs the poor and working class depend on -- assistance with home heating, community services, college loans, and the like.
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They called for budget cuts and a reform of the budget process along with $6 billion of short-term borrowing over the next three years.
Republican legislators, on the other hand, have said that a weakening economy is the wrong time to raise taxes, and have called for budget cuts.
A rule that calls for budgets to be balanced over the medium term, permitting bigger deficits during downturns and requiring correspondingly bigger surpluses in upturns, would make far better sense than the stability pact.Note however that this calls for little if anything by way of "co-ordination".
Mr Cameron said Labour MEPs voted against a budget freeze and European socialists were calling for a budget increase of 200bn euro and to cancel the British rebate.
He has been outspoken in calling for controlling budget deficits.
The group of lawyers petitioning Congress is going a step further than calling for a budget increase at the S.E.C.
Clegg and Cameron are united in calling for the budget to be frozen in line with inflation.
The United States Conference of Catholic Bishops has also issued several letters to members of Congress calling for a budget that prioritizes aid to the poor.
Larry Penner Great Neck, N.Y., Oct. 24 To the Editor: Christina Romer rightly notes that those calling for immediate budget cuts are "Blue Dog Democrats, Tea Party Republicans, and doomsday economists".
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