Billions of dollars can buy you a lot--for example, a little toy called New York City that you pocket for yourself and, then, keep for yourself even when the rules say it's time to go (hey, if you've got billions, you can buy off politicians to let you keep the toy for a little longer). Mainly it can buy you a platform where you can say anything, bloviate even when you have your facts wrong and, to boot, tell everyone else why they need to suffer, while you continue to live like a King.
In fairness to King Mike Bloomberg, he isn't alone in spreading utter nonsense about the phony debt and deficit "crisis". But, he gets away with it. Why? Because he has billions of dollars. Today, he showed how money talks.