federal deficit

Jews in political news: Jack Lew, Steve Israel on the hotseat

 After one of those “holds” that has nothing to do with the person being considered for high office, the Senate has confirmed Jacob “Jack” Lew as director of the Office of Management and Budget. Lew, who is now deputy secretary of state, held the OMB job at the end of the Clinton administration.

Lew has always struck me as one of the smartest people in Jewish/public life, which leads to this question: if he's so smart, why does he want this thankless job?

The deficit reduction scam and defense spending

With the Republicans on their way in as leaders of the House, Tea Party activists ratcheting up their attacks on a hated federal government  and President Obama sounding more and more like a whipped dog, we're going to hear a lot of talk in the next few weeks about cuts to the huge federal budget deficit.

Of course, most of this is just talk, since almost nobody is willing to do the two things that would really make a deficit dent: raise taxes and cut the military.

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