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"The fiscal thing is awful," he told me.
It's easy to get confused about the fiscal thing, since everyone's talking about the "fiscal cliff".
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The mayor did provide a broader assessment of the two presidential contenders, saying that Mr. Romney and President Obama were "very different people" with "very different views on social issues and fiscal things, although in elections it's really hard to tell what somebody's going to do when they are in office".
Fiscal things.
However this fiscal cliff thing turns out, President Obama can take heart in one piece of news that broke on Monday: he won the election in New York City.
I don't know about you but I'm getting really tired of the hysteria over this so-called, somewhat media created, "fiscal cliff" thing.
Adrenaline is one thing; fiscal health another.
Balls called his version of the same thing "fiscal responsibility in the national interest".
One more thing: Fiscal expansion will be even better for America's future if a large part of the expansion takes the form of public investment — of building roads, repairing bridges and developing new technologies, all of which make the nation richer in the long run.
But the final thing that makes Fiscal Cliff 2 worse than its predecessor is that it's not reversible.
In addressing any tax proposal, it is important to look at its likely impact on three things: fiscal sustainability (how much money would it raise?); income distribution (who would benefit and who would lose?); and economic growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com