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Obama Budget Chief Lew: Social Security Won't Collapse

Complete video at: http://fora.tv/2011/02/17/Monitor_Breakfast_OMB_Director_Jacob_Lew Speaking at a Monitor Breakfast about the federal budget, Office of Management and Budget Director Jacob Lew said that social security does not contribute to the deficit in the medium term and is in no imminent danger of collapsing. "There is no need to deal with social security and dealing with it would have, at best, negligible impact," said Lew. ---- Jacob "Jack" Lew was confirmed by the Senate on November 18, 2010, as the Director of the Office of Management and Budget, a position he previously held from 1998 to 2001. Before returning to OMB, Lew was the first Deputy Secretary of State for Management and Resources, in which capacity he served as Chief Operating Officer of the department.
Length: 02:02

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