Peter R. Orszag, Director of the Office of Management and Budget, participated in a question-and-answer discussion led by David Rubenstein, Carlyle Group co-Founder and President of the Economic Club of Washington, DC.
Orzsag may regret the discussion was videotaped. There were two YouTube moments, which I find even hard to believe at this point.
During the Q & A, Orszag volunteered that right now, given the margin of error, the deficit projections five years out could be off by up to $2 trillion.
The whopper, though came when he discussed Obamacare and how he expected it to provide a surplus to the budget. He stated that the key was to replace paying for quantity with paying for quality. He then stated that he had no idea how to price quality but that the Obamacare legislation provided for much flexibility and that they were "going to throw stuff against the wall, and see what sticks."
That's the plan folks. Revealed at last.