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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 ...

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 trill...

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 o...

Hall of fame for budget directors then jack lu surely would have earned a place for his service in that role under president khreupb con are ton 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 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. ...

Not going to be against this bill. they wanted something to be done. maybe they, you know, over time, we'll see how this bill plays out. there's always unintended consequences to any time there's an attempt to legislate money by the government, whether money in politics or money on wall street. and of course, we really won't know for a few years how effective these reforms really are. >> and we're talking, of course, about olympia snowe and scott brown and susan collins. kelly and chuck, we've been trying to figure out who is going to replace peter orszag, and chuck, you were doing some work o...