Treasury secretary not allowed to resign obama,” by Andrew Bacevich, Washington Post, September 24, 2014:

Treasury secretary not allowed to resign obama,” by Andrew Bacevich, Washington Post, September 24, 2014:

President Obama’s Treasury Secretary Jack Lew — the man who has been seen as among the administration’s top fiscal conservatives — has resigned from his post, according to a source familiar with the situation an베스트 카지노d a person familiar with the decision made by Lew. “The department decided Lew shouldn’t continue as the senior director of the Office of Management and Budget, which is a key element in the government’s budget management,” the person said. “The Department has a number of strategic choices it must make on how to제주출장마사지 move into its fiscal year. “It is also moving into its budget year with a new budget director on the job, and another person said Lew may be the lone person standing in the way of that move.”

It is easy to forget about the budget battle that led to the fiscal cliff that occurred on October 1st, the most recent week of 2011. During this time, the Obama White House was busy fighting to retain government revenues and to “restore” the country’s deficit in order to avoid a full year of budget cutbacks and deficit reduction.

Obama’s budget battles led to several of these issues:

–The sequestration and spending caps were enacted as a consequence of “recess” in 2009.

–In an effort to curb spending growth and stimulate the economy and employment growth, President Obama and Congressional Democrats announced a series of tax and spending reforms in the 2010 budget agreement, the biggest such deal in history. The agreement called for a 0.7 percent tax reduction and a 1.7 percent growth cut to the Medicare tax base for people over 65 years of age. It also gave the Obama White House a powerful platform to negotiate tax reform over the course of two years.

–Obama was seen by Republicans as “soft” on the deficit and thus unpatriotic to fiscal conservatives, who were fearful he would “let the country suffer from the consequences of his actions.”

–When Treasury Secretary Timothy Geithner resigned, the White House put some of its political capit온 카지노al behind the task of replacing him. Obama campaigned with Senate Republican leader Mitch McConnell, and it was he and his inner circle that put him up for nomination as Treasury secretary by House Republicans.

–The Republican Party’s budget control faction, led by Sen. John McCain (R-AZ) and his allies, was led by a man named Newt Gingrich, who later endorsed the Tea Party group FreedomWorks.

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