Though there's a "tentative deal" for President Bush's proposed economic stimulus plan in D.C., Mayor Bloomberg thinks it's a bad idea. During a speech last night (accepting an award from the U.S. Conference of Mayors), he outlined why the package was a problem. From the NY Sun:

The $145 billion proposal being negotiated centers around the idea of providing several hundred dollars in tax rebates to individuals and families in a bid to spur the economy — a plan that Mr. Bloomberg said could "modestly benefit Americans" but would not "make a huge difference" overall because of the enormous deficits the government has already run up. more ›