Chris Stirewalt | The main question for Jack Lew

“It’s an accurate statement that our current spending will not be  increasing the debt… We’ve stopped spending money that we don’t have.”

Jack Lew, then director of the Office of Management and Budget,  in Feb. 16, 2011 testimony before the Senate Budget Committee.

How does a budget blueprint that would add $13 trillion to the federal debt  not add money to the national debt?

That’s the main question for Jack Lew, the White House chief of staff and  President Obama’s nominee to lead the Treasury Department, when he heads to  Capitol Hill today for confirmation hearings.


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