Jacob Lew to Make All Our Budget Problems Go Away

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Photo: nytimes.com

President Obama has tapped Jacob Lew, currently the Deputy Secretary of State, as Peter Orszag's replacement as the head of the Office of Management and Budget. If you're getting a distinct déjà vu feeling right now, it's because Jacob Lew was already the head of the Office of Management and Budget during the latter part of the Clinton administration, and you have never forgotten how he helped create a budget surplus for three straight years. [Caucus/NYT]