June 22, 2010

Budget Director Peter Orszag is Leaving Obama Administration

President Obama is being bombarded with a never-ending list of challenges and issues. Today, we learn that his Budget Director Peter Orszag is resigning.

In the midst of fielding comments about Gen. Stanley McChrystal's insubordinate comments, White House spokesman Robert Gibbs said Orszag will be leaving the administration next month.

"It's an enormous task," Gibbs said of the budget director. "Peter has been instrumental in, for instance, this year's plan to freeze non-security discretionary spending for three years and has decided to leave before we get into the creation of the next budget. He's been here for two budgets."
Orszag was the 37th person to serve as the director of the Office of Management and Budget. Most of his predecessors were never heard from again on a national level. However, some left this position to go onto to higher public service.

  • Rob Portman (OMB, 2006-2007) is now running for the US Senate in my state of Ohio.
  • Mitch Daniels (OMB, 2001-2003) left the office and successfully ran to become governor of Indiana.
  • Franklin Raines (OMB, 1996-1998) is the only African American to serve in this office. He went on to serve as CEO of Fannie Mae during a time of great distress for that company.
  • Leon Panetta (OMB, 1993-1994) is currently serving as Obama's CIA director.
The administration is looking at a number of "talented candidates" to replace Orszag. That new budget director's challenges will include billions and trillions or projected budget deficits and federal debt.

Sen. Joe Lieberman, ID-Conn., praised Orszag, and noted that his successor "will face tremendous challenges in righting our long-term fiscal imbalance and starting to close our enormous gaps in the debt and deficit. I look forward to working with whoever that Director is to tackle these historic problems facing our country."
President Obama is accepting Orszag's resignation today. It is likely that he will accept another resignation tomorrow from Gen. Stanley McChrystal.

Our president needs our prayers as he handles the nation's business.

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