CHOOSING ECONOMICS OVER OBAMANOMICS:

Orszag Takes Another Swipe at Obama (Josh Mitchell, 9/12/10, WSJ)

For the second time in a week, Peter Orszag has zinged his former boss.

Orszag, who just left his job as President Barack Obama’s budget chief, said Sunday that the president’s policy of making the Bush-era tax cuts permanent for middle-income families would jeopardize the nation’s finances. Last week, he made the same argument in a New York Times column that took the White House by surprise. [...]

Orszag called for extending all of the Bush-era cuts for two more years and then letting all of them expire. He emphasized that the temporary extension should apply to all income earners, even the wealthy – another point on which the White House disagrees. Obama has said he wants the tax cuts to lapse for families with incomes above $250,000.