On the recordFebruary 14, 2011
The reason we call this a down payment is because we do agree that we need to get beyond stopping the building up of the debt.
Said by
Jacob J. Lew
Source
congress.govJacob J. Lew: “The reason we call this a down payment is because we do agree that we need to get beyond stopping the building up of the…”
Editor's note · Context
Lew explains the need to stop accumulating debt before achieving a surplus.
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More from Jacob J. Lew
Feb 10, 2016
The American people deserve to have an IRS with the resources so that, when you pick up the phone and call the IRS, there is a person at the other end to answer it.
Feb 10, 2016
The real goal is not to restructure the debt. The real goal is to get back to economic growth.
Mar 7, 2016
You find cases of tax avoidance, and we know when you find cases of tax avoidance, voluntary compliance goes up.
Mar 21, 2016
I don't think defaulting on payments to veterans is any better than defaulting on payments to foreign bond holders.