Quotes by: Jacob Lew

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Jack Lew
76th United States Secretary of the Treasury
Incumbent
Assumed office
February 28, 2013
President Barack Obama
Deputy Neal Wolin
Mary Miller
Sarah Bloom Raskin
Preceded by Neal Wolin (Acting)
Succeeded by Steven Mnuchin (Nominee)
25th White House Chief of Staff
In office
January 27, 2012 – January 20, 2013
President Barack Obama
Preceded by Bill Daley
Succeeded by Denis McDonough
Director of the Office of Management and Budget
In office
November 18, 2010 – January 27, 2012
President Barack Obama
Preceded by Jeff Zients (Acting)
Succeeded by Jeff Zients (Acting)
In office
May 21, 1998 – January 19, 2001
President Bill Clinton
Preceded by Franklin Raines
Succeeded by Mitch Daniels
Deputy Secretary of State for Management and Resources
In office
January 28, 2009 – November 18, 2010
President Barack Obama
Preceded by Position established
Succeeded by Tom Nides
Personal details
Born Jacob Joseph Lew
(1955-08-29) August 29, 1955 (age 61)
New York City, New York, U.S.
Political party Democratic
Spouse(s) Ruth Schwartz
Children 2
Alma mater Harvard University (BA)
Georgetown University (JD)

There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'
Jacob Lew
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.
Jacob Lew
Taxpayers can go online and find out more about the way their government works than ever before.
Jacob Lew
Social Security is something that we need to deal with, because people who are working today, who will retire in the future, people who are retired today, they have a right - and it's part of the compact that they can depend on their benefits. We should fix the long-term funding problem of Social Security because that's the right thing to do.
Jacob Lew
If you look at the cost of providing health insurance, it actually doesn't cost more to provide a plan with contraceptive coverage than it does without.
Jacob Lew
I've never seen a constructive Social Security debate that started with one side digging in, in one place and another side digging into another.
Jacob Lew
There's a lot of trust being built up. I think we have a lot of work ahead of us.
Jacob Lew
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.
Jacob Lew
It's going to be true that anything that reduces the federal deficit will have somebody unhappy.
Jacob Lew
The budget is not just a collection of numbers, but an expression of our values and aspirations.
Jacob Lew
We have to reduce the burden placed on our economy by years of deficits and debt.
Jacob Lew
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.
Jacob Lew
I think the thing that the American people want is for the divisive debate on health care to stop.
Jacob Lew
If you don't define the problem you'll never reach a painful solution.
Jacob Lew
I think it's very important not to confuse the importance of dealing with Social Security in the long term with these short-term deficit reduction challenges. They're different issues.
Jacob Lew
Businesses make decisions based on what they are seeing in their order books.
Jacob Lew
Raising the debt limit on some levels is a ministerial act. It doesn't involve any new spending.
Jacob Lew
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