The budget is not just a collection of numbers, but an expression of our values and aspirations.
Jacob Lew Quotes
The reason to deal with Social Security is that it is a system where we have a tradition and history of making sure it is solidly funded for 75 years. At the moment, we look out and we see it is solidly funded until 2037.
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We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is why the president’s budget is a comprehensive and responsible plan that will put us on a path toward fiscal sustainability in the next few years – a down payment toward tackling our challenges in the long term.
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In the budget, the president will call for a five-year freeze on discretionary spending other than for national security. This will reduce the deficit by more than $400 billion over the next decade and bring this category of spending to the lowest share of our economy since Dwight Eisenhower was president.
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Birth: | 29th August, 1955 |
Nationality: | American |
Profession: | Lawyer, Politician, Professor |
Jacob Joseph "Jack" Lew was born in New York City, New York, USA. He is an American lawyer and politician. He was the 76th United States Secretary of the Treasury, serving from 2013 to 2017. He served as the 25th White House Chief of Staff from 2012 to 2013. He previously served as Director of the Office of Management and Budget in the Clinton and Obama Administrations. He earned a B.A. degree from Harvard College in 1978 and his J.D. degree from Georgetown University Law Center in 1983. He served as a professor at Public Administration, New York University from 2001-06. He worked as an attorney in private practice before working as a deputy in Boston's office of management and budget. In 1993, he began work for the Clinton Administration as Special Assistant to the President.
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