[lbo-talk] can't wait to balance that budget

Doug Henwood dhenwood at panix.com
Tue Jan 6 09:10:39 PST 2009


[Wow, these guys really have a hard time with priorities. From The Note.]

Obama’s Tuesday, per the transition office: “President-elect Barack Obama will hold a meeting with Rahm Emanuel, Chief of Staff-designate; Timothy Geithner, Treasury Secretary-designate; Peter Orszag, Director- designate, Office of Management and Budget; Rob Nabors, Deputy Director-designate, Office of Management and Budget; Christina Romer, Director-designate, Council of Economic Advisors and Lawrence Summers, Director-designate, National Economic Council tomorrow afternoon at his Washington DC transition office.”

“During the meeting they will review the medium-term budget outlook and discuss their commitment to crafting a budget for 2010 that puts us on a path to bring down the deficit as the economy recovers. President-elect Obama and Vice President-elect Biden plan to work with their economic team to identify budget reforms necessary to restore fiscal discipline, take on major fiscal challenges like reigning in health care costs, and scour the budget line by line, looking for waste and inefficiencies to eliminate.”



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