Peter Orszag, President Obama’s budget director, gave a “farewell speech” of sorts yesterday at the Brookings Institution (his former professional “home”). Although an incident with a protester stole most of the media attention, Peter’s point about the “false debate” between those concerned about the deficit and those concerned about jobs–shown in the video clip above–was probably the most significant message to take away from the event. If only someone could write an opera song to go along with it.
In the Q and A that followed, the Washington Post’s Lori Montgomery and Ruth Marcus made for a dynamic duo–trying valiantly yet playfully to get Peter to answer questions about another great Obama Administration debate: what to do about the expiring Bush tax cuts. Ruth had just published this column with her opinion on the issue, which I agree wholeheartedly with.