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Friday, July 30, 2010

postheadericon Beware the deficit peacock

The president’s nominee for Office of Management and Budget director, Jack Lew, faces a daunting task. Lew must take the reins of a budget that has been horribly battered from the effects of the Great Recession and nearly a decade of mismanagement. And that budget is about to suffer the onslaught of twin tsunamis: an aging population and our uniquely inefficient healthcare system. Yet these obstacles may not be the biggest barriers to getting a handle on the federal balance sheet. No, that dubious dishonor goes to the Peacock Caucus.

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