The Farce Is (Again) Complete: Former Obama Budget Chief Orszag Says Official Economic Projections "Too Optimistic"

http://www.zerohedge.com/news/farece-again-complete-former-obama-budget-chief-orszag-says-official-economic-projections-too-o

And so the comedy circle is complete yet again after none other than former White House budget chief Peter Orszag throws cold water in the face of the White House, the Treasury and everyone else who has so far been so stupid to continue to deflect blame for America's horrendous fiscal situation purely on S&P and its "colossal $2 trillion mistake." Because if the guy who up until a year ago personally came up with the White House's voodoo numbers is telling you they are full of shit (the numbers, not the White House), perhaps it does put the administration's claim that it is all S&P excel spreadsheet skills that are at fault, in a slightly different light.

• ORSZAG: OFFICIAL U.S. ECONOMIC PROJECTIONS 'TOO OPTIMISTIC'
  
• PETER ORSZAG IS A FORMER WHITE HOUSE BUDGET CHIEF
• CITIGROUP INC.'S PETER ORSZAG COMMENTS ON BLOOMBERG TELEVISION

One nation, two deficits

Now that he resigned as Obama's director of the White House Office of Management and Budget, Peter Orszag can speak the truth about tax cuts and fiscal responsibility.

http://www.nytimes.com/2010/09/07/opinion/07orszag.html?_r=3&adxnnl=1&ref=opinion&adxnnlx=1283889626-5ZrOmPgijJsqBxNVvTB9CA

Is Romer quitting too?

First White House Budget Director Peter Orszag quits, citing marriage as the reason (I guess only single people can work in Obama's administration). Now Christina Romer, chairwoman of Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans. Obama's Dream Team of economic advisers is unraveling as fast as the economy is. Perhaps there's a correlation in there somewhere.

http://www.zerohedge.com/article/and-then-there-were-two-rumor-romer-resigning-obama-economic-think-tank