Jack Lew: Liar, Liar, Pants on Fire!
February 25, 2013 • 11:26AM

The Senate Finance Committee will hold a confirmation hearing on Jack Lew, Obama's former Chief of Staff, now his nominee for U.S. Treasury Secretary on Tuesday, Feb. 26.

Sen. Max Baucus (D-MT), committee chairman, told Fox News that Lew has answered the committee's questions "in a thorough and fully transparent manner" and the committee has conducted a "thorough review" of the nominee.

Unfortunately, Mr. Lew's pants are on fire. In a Washington Post op-ed today, legendary reporter Bob Woodward, who broke the "Watergate" story that led to Nixon's impeachment, reports that, contrary to Obama and Lew's protestations, the idea for an automatic sequester [of $85 billion, on track to shut down many government operations this Friday, March 1] if a balanced budget were not agreed, in fact came from Jack Lew, Obama's chief of staff, and was communicated to Senate Majority Leader Harry Reid through Jack Lew.

But, Woodward reports, while campaigning in Florida for Obama, Lew said, "There was an insistence on the part of Republicans in Congress for there to be some automatic trigger. It was very much rooted in the Republican Congressional insistence that there be an automatic measure." Says Woodward, "The President and Lew had this wrong. My extensive reporting for my book, The Price of Politics shows that the automatic spending cuts were initiated by the White House and were the brainchild of Lew and White House Congressional Relations Chief Ron Nabors—probably the foremost experts on budget issues in the senior ranks of the federal government. Obama personally approved of the plan for Lew and Nabors to propose the sequester to Senate Majority Leader Harry Reid (D-NV). They did so at 2:30 p.m. July 27, 2011, according to interviews with two senior White House aides who were directly involved."