It's chief architect is Henry Paulson, not a career pol, but a 2006 appointee as Sec of the Treasury. Before that, he was CEO of Goldman Sachs. Hey, isn't that the company that was given hundreds of millions of taxpayer dollars by Bloomberg and Pataki?
Bloomberg on term-limits Nov 23, 2005:
While it may be that that the City Council has a right to override them, deliberately saying to the public, 'We don’t care what you think,' I would use the word disgraceful.
The cynicism that that would engender towards city government is not something that this city needs.
The public wants term limits, and if that’s what they want, we should all learn to live with ‘em.