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Bloomberg’s Nanny State Now After Ear-buds

Posted by Steve Markowitz on March 7, 2013

BloombergNew York’s Mayor Bloomberg is at it again.  His past crusades include smoking, fatty foods, salt, baby formula and large soft drinks.  Now the good Mayor is out to protect us from our iPods.

The City’s Health Department’s assistant for environmental-disease prevention Commissioner Nancy Clark went after ear-buds saying: “With public and private support, a public-education campaign is being developed to raise awareness about safe use of personal music players ….. and risks of loud and long listening.”  This “public-education” campaign will cost taxpayers $250,000.  You would hope that Mayor Bloomberg had more important things to do.

As ridiculous as Bloomberg’s ear-bud crusade is, it is but a minor irritant compared to ignorant statement Bloomberg made about the Country’s debt last week when he said:

 “We are spending money we don’t have.  It’s not like your household.  In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’  That is true for your household because nobody is going to lend you an infinite amount of money.  When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money.… Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story:  If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”

It would be curious to understand how Bloomberg defines “infinite”.  Using a standard definition one would conclude that the Mayor believes in perpetual motion or alchemy.  Countries have over borrowed throughout history.  None escaped the laws of supply and demand in the long run.  Those that did not put their fiscal houses back in order defaulted on their loan obligations with serious negative consequences.  Bloomberg is either ignorant of history or purposely misleading the public.  This Blogger concludes it is a little of both.

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