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Keyword: orszag

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  • Desperation: Obama Surrogate Calls to Make Voting Mandatory

    06/21/2012 4:23:13 PM PDT · by ColdOne · 124 replies
    breitbart.com ^ | 6/21/12 | Ben Shapiro
    Peter Orszag, former head of the Obama Office of Management and Budget, is desperate. With even Roll Call recognizing that President Obama is fighting an uphill battle for re-election, Orszag is floating a trial balloon: mandatory voting. His call for forced voting comes in an op/ed for Bloomberg News: The U.S. prides itself as the beacon of democracy, but it’s very likely no U.S. president has ever been elected by a majority of American adults. It’s our own fault -- because voter participation rates are running below 60 percent, a candidate would have to win 85 percent or more of...
  • Obama's Foursome

    01/25/2010 8:06:44 AM PST · by opentalk · 396+ views
    American Spectator ^ | 1.25.10 | The Prowler
    MEN OF HONOR Apparently, if you want to cheat on your wife or spurn the mother of your unborn child, cover up and easily settle your institution's criminal efforts to help Americans avoid paying their federal income taxes, or just avoid paying your own fair share, the place to be is on President Barack Obama's economic-recovery advisory board. Because that's where Robert Wolf, chief executive of UBS Group Americas, the U.S. arm of one of Switzerland's largest banks, UBS AG, sits, as do Charles E. Phillips, President of Oracle Corporation, Peter Orszag, the director of the Office of Management of...
  • THUNE: Another broccoli mandate?

    08/06/2011 6:28:39 PM PDT · by Tolerance Sucks Rocks · 12 replies
    The Washington Times ^ | August 5, 2011 | Senator John Thune
    When Congress was debating the Obamacare law last year, I raised many concerns about the size and scope of the law and the outrageous amount of new federal taxes and spending it created. Like many people, I also have grown concerned about the law’s impact on Americans’ personal freedoms. My concern stems not only from its controversial mandate that every American buy health insurance, but also from other federal mandates that could follow. In challenging Obamacare’s individual mandate, the law’s critics have pointed out that if Congress can force Americans to buy health insurance, federal power would be nearly unlimited....
  • Sebelius vs. Orszag on the IPAB’s power

    07/18/2011 4:08:12 PM PDT · by Nachum · 7 replies
    Hot Air ^ | 7/18/11 | SusanAnne Hiller
    Comedy gold or a pathetic partisan ploy can characterize Kathleen Sebelius’s testimony when she attempts to minimize the immense authority granted to the Independent Medicare Payment Advisory Board (IPAB), when so many of us know the raw real deal. On July 13, the House Subcomittee on Health and Energy held hearings on the controversial IPAB, in which Sebelius attempted to minimize and circumvent the truth (pdf and a must read) with regards to the IPAB. Congressman Michael Burgess (R-TX and yes, he is also Dr. Burgess) questioned Secretary Sebelius on several key factors, including the unelected 15-person panel, their potential...
  • Report: Orszag, Obama’s Ex-Budget Wonk, Chatting with Citi

    12/01/2010 2:19:45 PM PST · by Nachum · 3 replies
    wsj ^ | 12/1/10 | Matt Phillips
    The Washington to Wall Street revolving door spins on, Bloomie reports: Citigroup Inc., recovering from its $45 billion bailout in 2008, is in advanced talks to hire former White House Budget Director Peter Orszag, people with knowledge of the matter said. Orszag, 41, may take a job in the New York-based firm’s investment-banking division, the people said, declining to be identified because the discussions are private. An announcement may come as early as today, one of the people said. Of course, there is a well-trampled trail between the White House and Citigroup, most prominently traveled by Clinton administration Treasury Secretary...
  • Orszag Takes Another Swipe at Obama

    09/12/2010 6:56:35 PM PDT · by GOP_Lady · 36 replies
    The Wall Street Journal ^ | 09-12-10 | Josh Mitchell
    For the second time in a week, Peter Orszag has zinged his former boss. Former OMB Director Peter Orszag (Photo by Karen Bleier/AFP/Getty Images) Orszag, who just left his job as President Barack Obama’s budget chief, said Sunday that the president’s policy of making the Bush-era tax cuts permanent for middle-income families would jeopardize the nation’s finances. Last week, he made the same argument in a New York Times column that took the White House by surprise. “We, unfortunately, can’t afford the tax cuts over the medium and long term,” Orszag said on CNN’s “Fareed Zakaria GPS.” “We face too...
  • Departed Obama Aide Now Says Ending Bush Tax Cuts Will Make Unemployment WORSE (Orszag)

    09/07/2010 6:04:50 AM PDT · by blam · 43 replies
    The Business Insider ^ | 9-7-2010 | Joe Weisenthal
    Departed Obama Aide Now Says Ending Bush Tax Cuts Will Make Unemployment WORSE Joe Weisenthal Sep. 7, 2010, 6:31 AM The newest member of the New York Times' stable of columnists is Peter Orszag, who just recent quit his post as Obama's top aide on the budget. His first piece is on the question of the tax cuts, and guess what, he doesn't share the administration's official line. In fact, he says, revoking the Bush tax cuts will make the jobs picture worse. Higher taxes now would crimp consumer spending, further depressing the already inadequate demand for what firms are...
  • Cutting U.S. deficit now risks recovery, Orszag says

    07/29/2010 12:07:20 AM PDT · by NoLibZone · 7 replies · 1+ views
    Reuters ^ | July 29 2010 | Reuters
    White House budget chief Peter Orszag said on Wednesday it would be "foolish" to cut the U.S. deficit while economic growth was still frail, but it would be equally foolish not to significantly curb the deficit by 2015. Orszag told an audience at The Brookings Institution, a Washington think-tank, that failing to take real steps toward closing the record U.S. budget gap would do as much harm to the economy has choking off fiscal stimulus now. It was his last public speech before stepping down as head of the White House Office of Management and Budget on Friday. President Barack...
  • Cutting U.S. Deficit Now Risks Recovery, Orszag Says (NOT Satire)

    07/28/2010 10:38:43 AM PDT · by kristinn · 19 replies · 3+ views
    Reuters ^ | Wednesday, July 28, 2010
    White House budget chief Peter Orszag said on Wednesday it would be "foolish" to cut the U.S. deficit while economic growth was still frail, but it would be equally foolish not to significantly curb the deficit by 2015. Orszag told an audience at The Brookings Institution, a Washington think-tank, that failing to take real steps toward closing the record U.S. budget gap would do as much harm to the economy has choking off fiscal stimulus now. It was his last public speech before stepping down as head of the White House Office of Management and Budget on Friday. SNIP The...
  • Orszag Resigns Over Inability To Persuade Summers And Obama Keynesianism Leads To Suffering

    06/26/2010 3:01:12 AM PDT · by Daisyjane69 · 2 replies
    Zero Hedge ^ | 6/25/10 | Tyler Durden
    As we speculated previously, the sudden and unprecedented departure of Peter Orszag, the day prior to the US Budget's formalization (which incidentally never happened as now the US will likely not have a 2010 budget at all, for fear of disclosing to most Americans just how broke the country is ahead of mid-terms) was due to Orszag's disagreement with the administration's, and particularly Larry Summer's, inability to fathom that reckless spending is a recipe for bankruptcy. As the FT reports: "Peter Orszag, Barack Obama’s budget director, resigned this week partly in frustration over his lack of success in persuading the...
  • White House Says Budget Director Is Stepping Down

    06/22/2010 1:14:09 PM PDT · by La Enchiladita · 19 replies
    Wall Street Journal ^ | June 22, 2010 | Jonathan Weisman
    WASHINGTON—The White House said budget director Peter Orszag, one of the most visible members of President Barack Obama's economic team, will be leaving his post this summer. Mr. Orszag, the most senior official to leave the Obama administration, will step down in July, two administration officials said. Officials close to Mr. Orszag noted that he had served nearly four stressful years in similar posts, first as director of the Congressional Budget Office, then as Mr. Obama's first director of the Office of Management and Budget. Mr. Orszag helped steer through Congress a $797 billion economic-stimulus bill in his first weeks...
  • The Rats Are Going Swimming

    06/22/2010 6:50:50 AM PDT · by voveo · 2 replies
    The Market Ticker ^ | June 22. 2010 | Karl Denninger
    ...the Feral Government is increasingly being exposed as a pack of animals - cornered animals. Recognition that The Feral Government has run the ship not aground but rather into an iceberg is rapidly spreading throughout the second-level administration people - along with firms and individuals who are in some way dependent on it.
  • Peter Orszag, White House budget chief, to leave administration, source says

    06/21/2010 8:09:45 PM PDT · by DoctorBulldog · 43 replies
    The Washington Post ^ | June 21, 2010 | Michael D. Shear
    Developing...
  • Orszag on tough job market for college grads: They “graduated at the wrong time”

    05/20/2010 6:07:07 AM PDT · by nhwingut · 23 replies · 668+ views
    PolitiPage.com ^ | 05/20/10 | jeff j
    Ten months after graduating from Ohio State University with a civil-engineering degree and three internships, Matt Grant finally has a job — as a banquet waiter at a Clarion Inn near Akron, Ohio. “It’s discouraging right now,” said the 24-year-old, who sent out more than 100 applications for engineering positions. “It’s getting closer to the Class of 2010, their graduation date. I’m starting to worry more.”
  • Backing Off the Tax Pledge? (It was a "preference" or "stance".)

    05/13/2010 6:21:02 AM PDT · by reaganaut1 · 30 replies · 869+ views
    Daily Beast ^ | May 13, 2010 | Lloyd Grove
    Remember President Obama’s supposedly inviolable pledge—repeatedly uttered during the 2008 campaign and at countless town meetings since the inauguration—that he would never raise taxes on middle-class citizens who earn $250,000 a year or less? This morning at a Manhattan breakfast sponsored by Thomson Reuters, White House Budget Director Peter Orszag threw that pledge out the window. Instead, he described Obama’s “read my lips, no new taxes” pledge as a “stance” and a “preference” that is subject to study by the president’s newly formed bipartisan Commission on Fiscal Responsibility. “The president has been very clear about what he prefers,” Orszag said...
  • Orszag: The president never “pledged” no new taxes; he simply “preferred”

    05/12/2010 11:47:40 AM PDT · by nhwingut · 53 replies · 1,453+ views
    PolitiPage.com ^ | 05/12/10 | jeff j
    White House Budget Director Peter Orszag, grilled about Obama’s pledge not to raise middle-class taxes, left the president wiggle room. Lloyd Grove reports.
  • Obama budget big's fiancee named weekend GMA co-host (Bianna Golodryga)

    05/08/2010 6:58:28 AM PDT · by OldDeckHand · 7 replies · 469+ views
    NYPost ^ | 05/08/10 | Staff
    The planets are aligned just right for Bianna Golodryga lately. The ABC News correspondent, one of the best at covering the economy, got engaged in December to Barak Obama's budget director, Peter Orszag, who hid a 5-carat, cushion-cut diamond ring under her menu over lunch at Sarabeth's on Central Park South. Now she's been promoted to co-anchor of the weekend edition of "Good Morning America," joining Bill Weir.
  • Orszag: CBO lowballs savings from Obama's healthcare reform

    04/11/2010 2:38:36 PM PDT · by Nachum · 13 replies · 603+ views
    The Hill ^ | 4/11/10 | Walter Alarkon
    White House Budget Director Peter Orszag is arguing that the Congressional Budget Office (CBO) underestimates the savings from President Barack Obama's healthcare bill. CBO, the independent agency Orszag ran before he joined the Obama administration, said the legislation will reduce deficits $143 billion in its first decade and by even more -- roughly 0.25 percent to 0.5 percent of gross domestic product -- in its second decade. That would probably amount to more than $1 trillion in savings, but Orszag considers that a lowball estimate.
  • A Health Legislation Fail-Safe Works, but Not as Expected ("must read" -- stage set w budget bill!)

    03/27/2010 3:41:06 PM PDT · by SmartInsight · 21 replies · 1,327+ views
    New York Times ^ | March 26, 2010 | Carl Hulse
    "The No. 1 lesson from 1993," said Rahm Emanuel, the White House chief of staff and a former Clinton aide, "was to make sure you could use reconciliation for health care and education." Last April, Mr. Emanuel and Peter R. Orszag, the administration's budget guru, went to Capitol Hill to press Senate Democrats to make sure the budget then being written would provide the ability to approve a health care bill with the simple Senate majority that reconciliation requires. ...Democrats inserted the procedural fail-safe in the budget document, allowing special protection for legislation covering health and education as long as...
  • Sen. Rockerfeller: Obama not believable on Energy

    02/17/2010 8:16:04 AM PST · by Alaphiah123 · 22 replies · 482+ views
    Creating Orwellian Worldview ^ | 2/17/10 | Alaphiah
    Senator Jay Rockerfeller has the same problem that we all have these days—believing our president Barry Hussein Soetoro. Sen. Rockerfeller’s plight is that he represents a coal producing state and our president has campaigned on a green agenda and has stated that he will be responsible for putting coal producing companies in bankruptcy. Sen. Rockerfeller ‘s questioning of Dr. Peter Orszag, president Soetoro’s budget director is an interesting coming of understanding for Sen. Rockerfeller. The Senator realizes that the leader of his Party intends to gut the middle class jobs in his state West Virginia. (see 6:35min video) Well worth...
  • Orszag Admits Obama Admin Intends to Break Law

    02/07/2010 9:56:13 AM PST · by callisto · 42 replies · 2,156+ views
    David Horowitz's NewsRealBlog ^ | February 7, 2010 | Liz Blaine
    During questioning last week on Capital Hill, Office of Management and Budget (OMB) Director Peter Orszag admitted the Obama administration intends to break the law and use TARP funds for whatever they desire. Passed by Congress in 2008 using scare tactics, the $700 billion TARP bailout specifically designated that all monies recouped must be used to pay down the national debt. But President Obama has included the expenditure of TARP funds in his 2011 budget despite its illegality. It appears the $787 Billion Stimulus package wasn’t a large enough slushfund for the Democrats. They’ve found a golden TARP piggy bank...
  • The White House's Illegal Piggy Bank

    02/03/2010 5:22:49 PM PST · by Kaslin · 11 replies · 963+ views
    Investors.com ^ | February 3, 2010 | INVESTORS BUSINESS DAILY Staff
    TARP: The OMB director is grilled over the misuse of bank bailout funds for purposes other than intended by Congress. This taxpayer money wasn't intended to be the administration's perpetual slush fund. When the specifically targeted and named Troubled Asset Relief Program was enacted, we were told it was a necessary and wise investment. It would stabilize the financial system and keep credit and money moving. We would even get our money back and then some. Many banks didn't want the money or need it. Some were told to take it or they'd be audited. So they took it. The...
  • Roadmap to Solvency - Congressman Paul Ryan responds to OMB director Peter Orszag.

    02/03/2010 10:57:32 AM PST · by neverdem · 7 replies · 588+ views
    NATIONAL REVIEW ONLINE ^ | February 3, 2010 | Congressman Paul Ryan
    Roadmap to SolvencyCongressman Paul Ryan responds to OMB director Peter Orszag.  Congressman Paul Ryan recently put forward “A Roadmap for America’s Future 2.0,” a comprehensive entitlement-reform proposal. The CBO has certified that Ryan’s plan solves the long-term fiscal crisis. Ryan’s proposal has attracted the attention of the president and Office of Management and Budget director Peter Orszag. The Roadmap has proven attractive in light of the debt-exploding budget the administration has submitted to Congress. In a recent conference call with reporters, Orszag said the following: Now, with regard to Representative Ryan — I have a lot of respect for Mr....
  • Deficit Hawk Plays Against Type

    01/31/2010 3:28:53 PM PST · by reaganaut1 · 2 replies · 194+ views
    Wall Street Journal ^ | January 31, 2010 | Jonathan Weisman
    Peter Orszag spent most of his professional career mapping out the dangers of budget deficits and devising such solutions as restructuring the tax code and revamping Social Security. Now, as director of the White House Office of Management and Budget—the nation's bean counter-in-chief—he has found it's not easy being a deficit hawk in the Great Recession. Chief of Staff Rahm Emanuel and National Economic Council Director Lawrence Summers believe moves to reduce the deficit would throttle recovery. Republican leaders refuse to consider higher taxes. Democrats who had championed fiscal responsibility fear the impact of spending cuts when unemployment stands at...
  • Budget director (Peter Orszag) blames old computers for ineffective government

    01/16/2010 3:40:18 PM PST · by reaganaut1 · 20 replies · 505+ views
    The Hill ^ | January 14, 2010 | Ian Swanson
    A big reason why the government is inefficient and ineffective is because Washington has outdated technology, with federal workers having better computers at home than in the office. This startling admission came Thursday from Peter Orszag, who manages the federal bureaucracy for President Barack Obama. The public is getting a bad return on its tax dollars because government workers are operating with outdated technologies, Orszag said in a statement that kicked off a summit between Obama and dozens of corporate CEOs. “Twenty years ago, people who came to work in the federal government had better technology at work than at...
  • White House budget director blames old computers for ineffective government

    01/14/2010 1:04:56 PM PST · by SeattleBruce · 67 replies · 1,627+ views
    The Hill ^ | 1/14/2010 | Ian Swanson
    A big reason why the government is inefficient and ineffective is because Washington has outdated technology, with federal workers having better computers at home than in the office. This startling admission came Thursday from Peter Orszag, who manages the federal bureaucracy for President Barack Obama. The public is getting a bad return on its tax dollars because government workers are operating with outdated technologies, Orszag said in a statement that kicked off a summit between Obama and dozens of corporate CEOs.
  • Budget Director Gone Wild

    01/10/2010 10:21:21 AM PST · by IbJensen · 20 replies · 771+ views
    American Thinker ^ | 1/9/2009 | Lisa Shiffren
    Well no wonder the U.S. budget is out of control. Peter Orszag, the Obama White House Budget Director -- a very senior job on anyone's economic team -- does not appear to have been focused like a laser on his job this year. Mr. Orszag, 41, widely hailed by the MSM as a brilliant, energetic economics nerd, just announced the birth of a baby daughter to a girlfriend whom he dumped during her pregnancy -- and his engagement to a woman he met a week after the prior relationship ended. Nice. Orszag, who is divorced with two young children, had...
  • Did Peter Orszag Hear Obama's Speech On Fatherhood?

    01/09/2010 4:12:04 PM PST · by Steelfish · 4 replies · 342+ views
    Washington Post ^ | January 09th 2010
    Did Peter Orszag Hear Obama's Speech On Fatherhood? The affairs of Peter Orszag appear to be quite a source of amusement for Washington’s political and intellectual elite. The town is abuzz with talk of Obama’s nerdy budget director, a divorced father of two, who, it turns out, is the father of another baby born to ex-girlfriend Claire Milonas in November and who recently announced his engagement to ABC correspondent Bianna Golodryga. As for the child born out of wedlock? “What's the big deal?” seems to be the thinking. Orszag and Milonas released a statement this week saying, “we are both...
  • ABC beauty Bianna Golodryga, fiancee of Obama budget boss Orszag, was busted for DWI in 2000

    01/09/2010 2:09:44 PM PST · by tobyhill · 35 replies · 3,034+ views
    NY Daily News ^ | 1/9/2010 | Richard Huff and Corky Siemaszko
    Here is the closeup that ABC News babe Bianna Golodryga hoped nobody would ever see. The newly announced fiancée of chief White House number-cruncher Peter Orszag wasn't her usual sultry self after she was busted for DWI shortly after graduating from the University of Texas at Austin in May 2000.
  • Violating the ‘Rosenthal Rule’: When Reporters Sleep With Their Sources

    01/09/2010 2:11:26 PM PST · by Zakeet · 16 replies · 1,139+ views
    Big Journalism ^ | January 9, 2010 | Ben Shapiro
    In the past, I have claimed that the mainstream media is in bed with the Obama Administration. This time, I mean it literally. According to the New York Post, Obama budget boss Peter Orszag is engaged to ABC correspondent Bianna Golodryga. Meanwhile, his ex-girlfriend Claire Milonas, gave birth to his illegitimate child on November 17. Orszag is already a two-time father by his first wife (they are divorced, naturally). The media is treating this whole story as a seedy morality play starring an incredibly nerdy Director of OMB. But even though it now appears that Orszag was spreading his...
  • Third-Rail Shocker (Social Security Going Bankrupt Sooner)

    01/08/2010 5:17:09 PM PST · by raptor22 · 36 replies · 1,422+ views
    Investors.com ^ | January 8, 2009 | Investor's business Daily staff
    Entitlements: While a massive health care entitlement is fashioned in secret, another one, Social Security, is running deficits decades earlier than expected. We've been kicking the can down the road. We're out of road. As Bernie Madoff found out, any Ponzi scheme depends on a continuous inflow of new cash and new customers or the ever-expanding pyramid will totter and collapse. Social Security, dependent as it was on new workers paying the expanding benefits of retirees, is about to, much sooner than expected. As Ed Morrissey over at HotAir.com reminds us, Peter Orszag, now director of the Office of Management...
  • Peter Orszag love child! What?!

    01/07/2010 11:15:09 AM PST · by listera · 10 replies · 985+ views
    Washington Examiner ^ | 01/06/10 | Julie Mason
    Peter Orszag -- the mind reels! Seriously. The New York Post is reporting that Obama's budget director, a very unlikely heartthrob, ditched his then-pregnant girlfriend Claire Milanos, when he hooked up with ABC News hottie Bianna Golodryga, lately his fiancee -- and now Milanos has given birth to his daughter!
  • Obama's Budget Chief Has Child With Ex-Girlfriend [Now Engaged To Beautiful ABC Reporter!]

    01/07/2010 10:05:07 AM PST · by Steelfish · 23 replies · 1,264+ views
    LATimes ^ | January 07th 2010
    Obama's Budget Chief Has Child With Ex-Girlfriend January 7, 2010 WASHINGTON — Modern relationships can be complex. Just ask White House budget director Peter Orszag, whose ex-girlfriend gave birth to his daughter a few weeks before he got engaged to a different woman. Orszag and his ex-girlfriend, Claire Milonas of New York, released a joint statement on the birth of their daughter this week after The New York Post reported the story. “In November, Claire gave birth to a beautiful baby girl,” they said. “Although we are no longer together, we are both thrilled she is happy and healthy, and...
  • White House budget director ditched pregnant girlfriend for ABC News gal

    01/06/2010 4:13:25 PM PST · by dynachrome · 54 replies · 3,695+ views
    www.nypost.com ^ | 1-6-10 | RICHARD JOHNSON, JEANE MacINTOSH, and GEOFF EARLE
    President Obama’s budget guru has a secret love child — with the woman he jilted before hooking up with his hot new fiance, The Post has learned. White House budget director Peter Orszag’s ex, shipping heiress Claire Milonas, gave birth to little Tatiana Zoe in New York Nov. 17. That was just six weeks before Orzsag and ABC news babe Bianna Golodryga gleefully announced their engagement on national TV and in the press. Orszag and Milonas, the daughter of New York-based Greek shipping magnate Spiros Milonas, were a serious item when he met the stunning Golodgryga at the White House...
  • Yes, she said (ABC financial reporter to marry OMB Director Orszag )

    12/29/2009 6:41:04 AM PST · by OldDeckHand · 27 replies · 1,989+ views
    NY Post ^ | 12/29/09 | Staff
    We knew it was serious two weeks ago when gorgeous ABC news correspondent Bianna Golodryga (above) went from New York to DC to surprise Office of Management & Budget Director Peter Orszag for his 41st birthday. "He's a great guy, a sweet guy," she told us. Now they're engaged.
  • B'day bombshell (ABC financial reporter dating White House OMB Director)

    12/20/2009 7:26:10 AM PST · by OldDeckHand · 48 replies · 8,346+ views
    The NY Post ^ | 12/20/09 | Staff
    <p>"He's a great guy, a sweet guy," gorgeous ABC correspondent Bianna Golodryga says of President Obama's Office of Management and Budget director, Peter Orszag.</p>
  • Orszag: Health care efficiencies may take decades

    12/02/2009 10:13:14 AM PST · by Nachum · 7 replies · 259+ views
    Breitbart ^ | 12/2/2009 | CHARLES BABINGTON
    WASHINGTON (AP) - The White House budget director said Wednesday that it may take decades for America to have an efficient health care system even if Congress passes a major overhaul this year. "It will be years to decades" before the nation has a properly working health care system that rewards quality over quantity, Peter Orszag told reporters. He said improving the quality of health care "is more like a lifelong nutrition or diet, not studying for an exam," but he added that continuous progress is a crucial goal.
  • AP buries the lede: Obama will push additional tax hikes next year

    11/16/2009 5:27:53 PM PST · by Mount Athos · 15 replies · 871+ views
    washington examiner ^ | 11/16/09 | David Freddoso
    Buried in this Friday story on Obama's future plans is a curious statement, attributed to White House Budget Director Peter Orszag, which didn't get nearly enough attention: Orszag has said the spending blueprint, for the budget year that begins Oct. 1, 2010, would put the nation "back on a fiscally sustainable path" and suggested it would include a mix of spending cuts and new revenue-producing measures. "New revenue-producing measures." In other words, more tax increases -- increases beyond the dozen or so that are already planned in the health care reform package. President Obama's advisors understand that they have to...
  • Taking Health Care Courtship Up Another Notch

    09/26/2009 12:40:45 PM PDT · by Steelfish · 3 replies · 453+ views
    NYTimes ^ | September 26, 2009
    Taking Health Care Courtship Up Another Notch By SHERYL GAY STOLBERG Published: September 26, 2009 WASHINGTON — With its swanky wine bar and jazz pianist, the 701 Restaurant is one of those downtown spots where lobbyists woo clients and couples pursue romance. But it was a political courtship — President Obama’s quest for a health care overhaul — that brought the White House budget director, Peter R. Orszag, and Senator Susan Collins of Maine together for a recent dinner there. Ms. Collins is one of a handful of moderate Republicans who might provide the president a pivotal vote, but she...
  • CBO Strikes Back

    07/27/2009 9:23:04 AM PDT · by Def Conservative · 17 replies · 519+ views
    The CBO released a new analysis of the House version of ObamaCare yesterday, after getting blasted by White House budget director Peter Orszag for “exaggerating” the costs associated with the proposal. Douglas Elmendorf tells Rep. Dave Camp (R), the ranking member of the Ways and Means Committee, that the changes proposed by the White House will have little impact on their cost analysis, and that in fact the news gets worse in the second decade after the first runs up a $239 billion deficit:
  • Budget chief: Docs fees not paid for in Obama bill

    07/21/2009 3:19:31 PM PDT · by Nachum · 21 replies · 949+ views
    breitbart ^ | 7/21/09 | DAVID ESPO
    WASHINGTON (AP) - A senior administration official says billions of dollars to raise fees for doctors treating Medicare patients are not covered by President Barack Obama's pledge to pay for health care legislation. Budget Director Peter Orszag said Tuesday that's because the administration always assumed the money would be spent to prevent a cut of more than 20 percent in doctor fees.
  • Budget chief: Doctors fees not paid for in Obama bill...

    07/21/2009 3:06:46 PM PDT · by kcvl · 41 replies · 1,022+ views
    WASHINGTON (AP) - A senior administration official says billions of dollars to raise fees for doctors treating Medicare patients are not covered by President Barack Obama's pledge to pay for health care legislation. Budget Director Peter Orszag said Tuesday that's because the administration always assumed the money would be spent to prevent a cut of more than 20 percent in doctor fees. The Congressional Budget Office said last Friday the higher payments cost $245 billion over 10 years. It said including the money in the overall bill would result in deficits totaling $239 billion. On Friday, a few hours earlier,...
  • U.S. budget chief says signs of economic free-fall over

    05/18/2009 7:08:10 AM PDT · by freespirited · 30 replies · 1,071+ views
    Reuters ^ | 05/18/09 | Rachelle Younglai
    The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted. "There are some glimmers of sun shining through the trees, but we're not out of the woods yet," White House budget director Peter Orszag said on CNN's State of the Union. U.S. economic data have shown evidence that the recession's worst phase may be over, with April consumer prices unchanged and industrial output declining at a slower pace than in March. Federal Reserve Chairman Ben Bernanke has also suggested that the recession should end this year as long as...
  • Nuclear option back on the table: Obama going after filibusters

    03/17/2009 2:34:15 PM PDT · by Free ThinkerNY · 18 replies · 993+ views
    hotair.com ^ | March 17, 2009 | Ed Morrissey
    And not on confirmations, either, but on legislation. Peter Orszag, Barack Obama’s budget director, says the White House won’t take off the table an option to push through its legislative agenda using the “reconciliation” process. It would keep Republicans from stopping bills on taxes, budgets, and global warming: The White House budget director said Tuesday that the Obama administration may take advantage of a rarely used congressional rule that would strip Republicans of their filibuster power to get some controversial proposals through the Senate by simple majorities. Peter Orszag told reporters that the White House would prefer not to use...
  • Obama White House slaps down Sanford on stimulus plan

    03/16/2009 2:09:03 PM PDT · by Zakeet · 19 replies · 893+ views
    McClatchy Newspapers ^ | March 16, 2009 | James Rosen
    White House Budget Director Peter Orszag on Monday rejected South Carolina Gov. Mark Sanford's request to use up to $700 million of his state's economic stimulus funds to pay down state government debt. Orszag, responding to a letter Sanford sent to President Barack Obama last week, said the $787 billion stimulus bill Obama signed into law last month doesn't allow governors to use money intended for other purposes to instead make debt payments.
  • Obama budget director: We'll cut pork after '09 spending bill(Bush's fault on this one, though)

    03/11/2009 5:52:31 AM PDT · by bestintxas · 14 replies · 602+ views
    cnn ^ | 3/11/09
    Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: This president will bring a halt to pork-laden bills. Peter Orszag says it is too late to cut earmarks from the spending bill inherited from the Bush administration. "[Such bills] will not happen when the president has the full legislative and appropriations process in place," Peter Orszag, director of the White House Office of Management and Budget, told CNN's "State of the Union with John King." He argued that the White House had little choice but to support the...
  • White House budget director says economy is 'weak'

    03/08/2009 7:32:08 PM PDT · by smokingfrog · 38 replies · 987+ views
    AP ^ | March 8, 2009 | PHILIP ELLIOTT
    The White House's top budget official declared on Sunday that "fundamentally, the economy is weak" while saying the administration's own financial predictions could need a revision by midyear. Peter Orszag, President Barack Obama's Office of Management and Budget director, said in television interviews that the economic downturn has been years in the making but cautioned that the new administration wasn't yet looking at a second economic stimulus package. Orszag said the already-in-place $787 billion stimulus should have a chance to work before officials ask Congress to consider a sequel.
  • Obama may use 50-vote tactic on energy, healthcare (UNPRECEDENTED POWER GRAB!)

    03/03/2009 5:09:59 PM PST · by pleasenoobama · 159 replies · 7,543+ views
    The Hill ^ | March 1, 2009 | Jim Snyder
    President Obama’s budget director said the White House would consider using a Senate procedural tactic so that only 50 votes would be rquired to pass major healthcare and energy reforms. Peter Orszag, the director of the Office of Management and Budget, said the administration would prefer not to use the budget reconciliation process to push through its package. But he added: "We have to keep everything on the table. We want to get these.... important things done this year." Orszag called healthcare in particular "the key to our fiscal future." Orszag made the comments on ABC’s "This Week with George...
  • Federal Budget (There's no right way to do the wrong thing)

    03/03/2009 4:28:30 PM PST · by listenhillary · 8 replies · 442+ views
    myfoxdc.com ^ | 3/03/09 | Melanie Alnwick
    WASHINGTON, D.C. - President Obama sent his newly-minted economic gurus to Capitol Hill Tuesday to sell his $3.6 trillion budget to Congress. White House Budget Director Peter Orszag started his testimony by telling members of the House Budget Committee that the spending outlays aren't as much as they seem. "This budget is not a big spending budget," Orszag said. "Unlike what has occurred in the past, we pay for new initiatives in energy, education, and health care." Much of the money to pay for those new initiatives will come from taxes. Orszag testified that half of the health care reform...
  • Top Obama officials defend tax hikes as necessary

    03/03/2009 12:41:25 PM PST · by EagleUSA · 17 replies · 779+ views
    Yahoo / AP ^ | 03/03/2009 | EagleUSA
    WASHINGTON – President Barack Obama's top economic officials on Tuesday vigorously defended the administration's $3.6 trillion budget against Republican claims that it contained overly optimistic economic assumptions and included stealthy tax increases that could end up hitting most Americans. Treasury Secretary Timothy Geithner and White House Budget Director Peter Orszag, in separate appearances on Capitol Hill, stuck to the administration line that the president's budget would benefit 95 percent of working Americans. Higher taxes for affluent Americans would not come until 2011 once "we are safely into recovery," Geithner told the tax-writing House Ways and Means Committee. "I'm confident this...