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if there was a hall of fame for budget directors, then jack lew surely would have earned a place for his service in that role under president clinton when he helped balance the federal budget after years of deficits, when jack left that post at the end of the clinton administration, he handed the next administration a record $236 billion budget surplus. that was president obama yesterday nominating the state department s jakon lew to serve as the white house budget director. it s a position that lew previously held during the clinton administration. with us from washington, d.c. now, chair of the congressional oversight panel elizabeth warren who is back on the show. good to have you back, elizabeth. good to be here. let s, first of all, talk about what the oversight panel might be a little bit concerned about and that would be, if i m
this is a mission that requires some special leadership. and jack is somebody who has proven himself already, equal to this extraordinary task. you know, if there was a if there was a hall of fame for budget directors, then jack surely would have earned a place for his service in that role under president clinton. when he helped balance the federal budget after years of deficits. when jack left that post at the end of the clinton administration, he handed the next administration a record $236 billion budget surplus. the day i took office, eight years later, america faced a record $1.3 trillion deficit. jack s challenge overt ne the n few years is to use his extraordinary skill and experience to cut down that deficit and put our nation back on a fiscally responsible path.
you know, if there was a fall if there was a hall of fame for budget directors, then jack lew surely would have earned a place for his service in that role under president clinton when he helped balance the federal budget after years of deficits. when jack left that post at the end of the clinton administration, he handed the next administration a record $236 billion budget surplus. the day i took office eight years later, america faced a record $1.3 trillion deficit. jack s challenge over the next few years is to use his extraordinary skill and experience to cut down that deficit and put our nation back on a fiscally responsible path, and i have the utmost faith in his ability to achieve this goal as a central member of our economic team. jack is the only budget director in history to preside over a budget surplus for three
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