Experience matters to Jacobs, and he believes Obama’s lack of it has hindered America. As for his own experience, Jacobs said he is prepared for any situation in Congress that may find him on the unpopular side of an issue. As a CEO, he faced 23 of the largest bankers in the world simultaneously to work with them to address his company’s debts.
“I know what it’s like to inherit a fiscal mess,” Jacobs said.
Jacobs supports a balanced budget amendment, but has considered other ways to try to improve America’s financial situation. He would begin by rooting out Medicare fraud, which he believes would eliminate $90 billion in waste annually. He would support a 10 percent across-the-board cut in administrative costs for the federal government.
To reduce the national debt, Jacobs would support selling non-core assets. This includes mineral rights to the oil and gas reserves on federal lands. One-time revenue from these sales would be used to pay down the national debt.
In closing, Jacobs believes that he is the best candidate for the job because he knows the challenges facing businesses and families today. He hopes to use his experience to restore balance in government and promote a stronger future for America. For more information, visit www.jacobsforiowa.com.