White House Budget Director Orszag Resigns

White House Budget Director Peter Orszag will leave his job within weeks, according to a number of media reports. He is about to get married and many who know him say he did not plan to stay more than two years.

But
Orszag's departure is bound to raise questions. The budget has been controversial. The deficits that the country is running have become a source of major concern. Many Americans believe that they will pay for the red ink through higher taxes. Others believe that entitlements, including Social Security and medicare, will have to be cut to create a balanced budget.

A new budget director might allow President Obama to more easily change tack. The midterm elections are only months away. Obama may have to back off his promises that he can spend his way out of the battered economic situation.

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