Peter Orszag To Head OMB

Alexis Simendinger at the National Journal's Lost in Transition Blog is reporting that President-elect Obama has chosen Peter Orszag to be his Director of the Office of Management and Budget (OMB). OMB has considerable power over the Social Security Administration, and not just through its power over the budget. No regulations get published the Federal Register without OMB approval. Orszag was once an economic adviser in the Clinton White House and has more recently been the director of the Congressional Budget Office.

Orszag co-authored a book calling for raising the retirement age for Social Security benefits, increasing the Social Security wagebase and reducing Social Security benefits for high wage earners.