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IBD | Jack Lew’s Budget Ineptitude Disqualifies Him

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.


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