A Quote by Jacob Lew

The challenge for any government is how do you do two things at the same time. How do you put money forward for things like the payroll tax holiday, for things like getting a jump-start on infrastructure, for building schools, and make the decisions for long-term deficit reduction.
The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.
I think that Democrats have to think through answers we haven't in the past: How we are going to create those jobs? How should we restructure the entire tax code? Should we have things like a payroll tax, when jobs are so scarce? They weren't - basically the architecture of our employment law, tax law, all these things were from the 1930s - and I do think that one benefit of Donald Trump, which is not worth it, but one perverse thing is, he has widened the scope of things that we should discuss.
One of the tax systems in the US is for wage earners. The government takes money from them out of each paycheck - so it knows how much they make, and those workers can't cheat to any significant degree. But the other tax system is for capital. Those with capital get to tell the government what they want to tell. They may get audited, but if their tax returns are of any size the government doesn't have enough of the smart auditors to figure out what's really going on. And there are the rules that allow you to do things like take in money today and pay taxes on it thirty years from now.
When you work so much in between starts, you realize how long the season is. It's exciting to look at and be a part of, obviously. It's almost like a challenge, to see how, from start to start, things may feel a little differently.
I really feel like a walking testimony of like if you set your mind to things, how things can come true for you. I feel like I'm like, like the law of attraction. I feel like I'm living that life wholeheartedly. Everything that I've looked for out of life, it's come to be so far... I'm working hard, I'm not getting lucky, I'm earning things... I feel like a living testament to how you can just put your mind to anything and make it happen.
If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.
The government's ability to select scientists and pick things that are fairly strange, because politicians don't like failures. They're only in office a short term, and many of these things take a long time.
The things you leave school knowing - some dates and long division - so much of it has been of no use to me. Schools should teach the basics of cookery, first aid, how to look after your money and how to speak foreign languages. Useful things.
I think we have a Tea Party mandate, and that Tea Party mandate is for good-government type of things, things like term limits, things like a balanced budget amendment, things like read the bills for goodness sakes, things like that maybe Congress should only pass legislation that they apply to themselves as well.
People say nice things to me -- like that I ought to run for president -- which tells me that they like me. But I have my own deadline for how long I should be in Washington. I think you can get accustomed to red tape and many unfair things that go on in government. Once you stop getting angry about inefficiencies, waste, and injustice, you ought to get out. That's my time limit.
Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.
The biggest challenge is to build the team and start the company, while hiring people, raising money, building a brand which has no history, all at the same time. You're doing a lot of things that in an established company are already done.
I liked the challenge of designing and building things, figuring out how something works and how to make it better or apply it in a different way.
I look back and think of all the times I've had to let things go in the past, and how traumatic it seemed while it was happening, but how my understanding of it changed as time passed - and oftentimes things that seem really difficult and traumatic in the short term seem a lot less difficult and traumatic in the long term. So I remind myself of that.
You know, there's a tremendous amount of genetic propensity not necessarily for what TV shows you like but for literally how you view the world, how you react to things, how things touch you and how things move you.
I am getting better and more knowledgeable in how I hydrate and how I make my drinks and how I eat and things like that.
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