Jared believes our national debt crisis must be confronted immediately; but that we must do so in a sensible and balanced way that doesn't harm seniors or put our fragile economic recovery at risk. Solutions include targeted cuts in spending, including substantial reductions in military spending; increasing revenues by allowing the Bush tax cuts for the wealthiest Americans to expire, passing a transaction tax on Wall Street, and eliminating special tax breaks and loopholes such as those for oil companies; and key investments in education, clean technology and infrastructure to grow the economy get more Americans back into the workforce.
Jared believes it was necessary to raise the debt ceiling last year to ensure our fiscal stability and continued economic recovery, and that such critical decisions should not be politicized. Members of Congress should never seek to leverage their budget or policy priorities by threatening to shut down government or cause a default on American financial obligations.
Jared supports increasing the current wage cap on Social Security earnings, as recommended by the Simpson-Bowles Commission, to help ensure the long-term financial viability of the program, but he opposes reductions in benefits to Social Security or Medicare recipients. Jared also opposes proposals to privatize these critical programs. Jared's commitment to defending Social Security and Medicare is why he is endorsed in this race by the National Committee to Preserve Social Security and Medicare (NCPSSM).