Only in Washington can someone who is singularly identified with failure not only be commended for it, but also actually win promotion to even greater responsibility.
America, meet Jack Lew, your next Treasury secretary.
Taking over from outgoing Tim Geithner is a big job, with debt-ceiling talks looming and the start of some $2.3 trillion in sequestration cuts set to kick in.
Is Lew the right person for it?
Well, over the past three years, while he was OMB director and Obama’s chief of staff, the U.S. has run deficits of over a trillion dollars a year, with no shrinkage in sight. Our national debt has exploded by a third, to just over $16.4 trillion.
More.
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