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Peter R. Orszag Biography

Former Director of the Office of Management and Budget

Peter R. Orszag is the former Director of the Office of Management and Budget in the United States. He has extensive experience in politics and economics, holding several key positions in these fields.

Important Different Interesting Meetings Eight Topics

Author:Peter R. Orszag

“My mom is a very warm, typical sort of Jewish-mother type. And my dad has a somewhat, um, different personality.”

Different Mother Mom Type Personality Dad My Dad My Mom Warm Typical Jewish Mother

Author:Peter R. Orszag

“Social Security faces a long-term actuarial deficit, yes.”

Long Faces Social Term Security Long Term Social Security Deficit

Author:Peter R. Orszag

“There've been times where I wondered whether it was worth continuing in my own education.”

My Own Continuing

Author:Peter R. Orszag

“Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.”

Lasts Left Effects Standing Department Borrowing Treasury Borrowers

Author:Peter R. Orszag

“Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.”

Wells Acting Spending Revenue Deficit Imbalance

Author:Peter R. Orszag

“Well, I think what we need to remember is that budget deficits can impede economic activity.”

Thinking Needs Wells Remember Economic Activity Budgets Deficit Budget Deficit

Author:Peter R. Orszag

“For example, I was privileged to be working at the White House under the Clinton administration and had not finished my Ph.D., and I thought I was the cat's meow.”

House White Example Cat Clinton Finished Administration White House Privileged

Author:Peter R. Orszag

“It is a foregone opportunity that we could have a trillion dollars more of income for the United States if we were producing at capacity rather than falling so far short of it.”

Ifs States Fall Opportunity United United States Capacity Dollars Income

Author:Peter R. Orszag

“Something that's unsustainable, like a dysfunctional relationship, can go on longer than you expect, and then end faster and messier than you think.”

Thinking Ends Goes On Faster Dysfunctional Relationship

Author:Peter R. Orszag

“The government could either raise $100 by selling allowances and then give that amount in cash to particular businesses and individuals, or it could simply give $100 worth of allowances to those businesses and individuals, who could immediately and easily transform the allowances into cash through the secondary market.”

Giving Government Individual Energy Particular Amount Raises Trade Selling Cash Caps Allowance

Author:Peter R. Orszag

“If you didn't auction the [CO2] permits, it would represent the largest corporate welfare program that has ever been enacted in the history of the United States. All of the evidence is that what would occur is that corporate profits would increase by approximately the value of the permits.”

Ifs States Values Energy United United States Evidence Program Increase Trade Profit Corporate Welfare Permit Caps Co2 Auctions Welfare Programs

Author:Peter R. Orszag

“The most important thing for small businesses is getting the economy back on its feet. That - the key driver of small business activity is demand for their product, and that is what we are trying to do, getting the economy back on its feet. That's far more important than other factors.”

Trying Important Economy Feet Products Keys Activity Demand Important Things Factors Drivers Small Business

Author:Peter R. Orszag

About the Author

Born: December 16, 1968
Known for: Former Director of the Office of Management and Budget
Quotes: 13

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