Issues
Let’s Get to the Root of the Problem
Coloradans want more affordable everything. Along with affordability, we have challenges around water, energy, the environment, health care, education, and opportunity, not to mention international threats to peace and prosperity. But there is a ticking time bomb called our national debt, and when it explodes, it will overshadow everything else, plunging us into the greatest of depressions.
Why should the average American care about the national debt? Because it impacts our government’s ability to fund everything from schools to Social Security to SNAP to our military. The goal of this campaign is to offer ideas on how
to begin to solve these looming crises – to start a desperately needed conversation about the tough choices facing our nation. These ideas are a start – not an end. My ideas must be met with national discussion and debate, and formed
into fair and effective legislation.
Below is my plan to tackle our fiscal challenges, reduce inflation, create opportunities, and restore the American Dream for all generations.
Here’s the bad news: Social Security and Medicare are going bankrupt in the next few years. If we do nothing, seniors will start to see an estimated 25–30% cut to existing Social Security checks. If it continues, the program will not be available for younger workers even though they are forced to pay into it every month. And yet, the Washington class insists on doing nothing.
The good news: There are a number of solutions to make Social Security and Medicare whole – if only our politicians had the courage.
Below is a list of more than a dozen proposals to maintain Social Security. Each one comes with a price, but there is no pain-free solution to this crisis.
- Raise the normal retirement age
- Raise the early retirement age
- Eliminate eligibility for starting disability benefits after the early retirement age
- Increase the payroll tax rate
- Reduce benefits for high earners
- Create a flat benefit
- Increase the maximum taxable earnings
- Expand Social Security coverage to include all newly hired state and local government workers
- Tax Social Security benefits like employer-provided defined benefit pensions
- Use alternative inflation measure to index Social Security benefits
- Exclude earnings of long-career, older workers from payroll tax and benefit accrual
- Create and subsidize personal retirement accounts for low-wage workers
- Reform capital gains and estate tax laws to eliminate loopholes for the ultra-wealthy, and earmark tax revenue for debt reduction and entitlement solvency
We need to agree on some combination of these solutions, crafted in a fair and equitable manner, to put Social Security onto a sustainable path. Whoever gets elected to the Senate this fall cannot kick the can down the road any longer. Reform must happen in the next six years!
Washington politicians in both parties spent decades buying votes with borrowed money while ordinary Americans got stuck with the bill. The political class got richer while working families watched inflation eat away their paychecks, savings, and retirement accounts.
Today, our national debt is approaching $39 trillion. Interest payments alone now top $1 trillion a year – more than what we spend on national defense. That money is not building roads, improving schools, securing Social Security, or strengthening our future. It is simply paying interest on Washington’s failures.
The danger is real. If the countries and investors who buy our debt lose faith in America’s ability to control its finances, the consequences could be catastrophic. Interest rates for car loans, mortgages, and small businesses could skyrocket overnight, and we will be plunged into a great depression. Businesses would fail. Unemployment would rise. People would lose their homes. Savings would be wiped out.
There is only one way out of this hole. Washington must reduce its spending and increase its revenue. I am willing to work with anyone – Republican, Democrat, or Independent – who is serious about tackling this crisis honestly.
But working families can’t shoulder this burden alone. The wealthiest Americans need to do more to shore up our national finances. We should close unfair wealth-transfer loopholes and dedicate that revenue directly to reducing the national debt. We cannot keep asking minimum-wage workers, young families, and future generations to pay for Washington’s irresponsibility forever.
Every family has to balance their checkbook. Families don’t have the luxury of saying, “We’re just not going to pay our bills this month.” But not the federal government! Only in Washington can politicians spend trillions they do not have and then expect working Americans to clean up the mess.
Both parties are to blame. Republicans, who once championed fiscal responsibility, have grown addicted to spending on their own priorities. Democrats talk about raising taxes, but too often, the goal is not balancing the budget – it is finding more money for programs that rarely deliver for taxpayers.
The American people are tired of politicians making promises today and sending the bill to their children tomorrow.
We need to do four things to tackle deficit spending. First, cut out waste and fraud across the federal government, totaling an estimated half-a-trillion dollars. Second, implement the above plan to reduce the national debt and restore confidence in America’s finances – which will reduce our interest payments and also cascade into lower interest rates for cars, houses and credit cards. Third, enact serious entitlement reform to protect Social Security and Medicare. And fourth, enact fair and responsible tax reform to bring in more revenue from the wealthiest Americans.
Washington created this problem. It is time for Washington to stop passing the burden onto working Americans and future generations.
I have spent 35 years in the life sciences industry and provided health insurance for employees around the world. I have seen the good, the bad, and the ugly. No society on Earth has solved the challenge of making health care affordable and accessible, without discouraging innovation and compromising quality.
But America’s system is becoming increasingly unsustainable. We now spend nearly 20% of our entire economy on health care – roughly double what many other developed countries spend – and costs continue to rise faster than wages and inflation. The Affordable Care Act expanded access, but did nothing to constrain costs.
There is no magic solution, and politicians who claim otherwise are not telling the truth. There are benefits and disadvantages to a variety of systems and reforms. Different countries and states use different combinations of public and private systems, each with strengths and weaknesses. We must study these systems to understand the positives and negatives, along with every serious idea without fear-mongering, ideological blinders, or empty promises.
Because I have managed employees and health-care systems across multiple countries, I understand both the opportunities and tradeoffs involved. We need a practical, honest conversation about how to deliver better care at lower cost while preserving the innovation and quality that Americans depend on.
As usual, the two political parties have staked out extreme positions that have ground our country to a halt. Most people agree that we should remove violent criminals and cartel traffickers from the streets to keep our communities safe. At the same time, we should not expend limited government resources pursuing peaceful immigrants who contribute to our economy. Deporting a drug kingpin makes us safer; deporting a local farm hand makes us poorer.
Inflation results when too many dollars chase too few goods. Sometimes that pressure comes from natural disasters or global events beyond our control. But too often, inflation is driven by Washington’s own decisions – excessive spending, burdensome regulations, and tariffs that raise costs for American families and businesses.
Inflation is more than an economic statistic. It is a hidden tax on working people. It eats away at paychecks, savings, and retirement accounts, while making it harder for families to afford groceries, housing, childcare, and energy.
I am committed to working with anyone in Congress who will hold the line on government excess. We need policies that create a stable economic environment where hardworking Americans can save for the future, start businesses, take entrepreneurial risks, buy homes, and plan for their families and future.
Our public school system is failing too many children and student performance lags other Western countries. We have created a two-tiered education system: well-off families can move to top-performing school districts or send
their children to private school while low- and middle-income families are often stuck in failing public schools. That’s unfair. Parents deserve real choices. We should empower families to choose the schools that best meet
their children’s needs and provide support so they can afford it.
Schools should focus on teaching students how to think instead of pushing politicized ideological agendas. More decisions should be made locally, not dictated by bureaucrats in Washington. Our goal should be to develop informed,
well-rounded citizens who learn how to evaluate competing ideas for themselves. Schools should not be in the business of promoting one agenda over another. Schools should also be responsive to the rapidly changing skills
our workers need to succeed.
I spent my career in the private sector, building a business and creating hundreds of jobs. I know from firsthand experience that jobs are created by hardworking Americans – not by bureaucrats in Washington. I also know what it feels like to experience business failure after a natural disaster.
That does not mean government has no role to play. Government should create the conditions for opportunity and growth by ensuring a level playing field, rooting out corruption, enforcing fair competition, and providing stability.
Right now, too many businesses are struggling under the weight of inflation, rising debt, unpredictable regulations, and tariffs. We need policies that encourage entrepreneurship, investment, innovation, and job creation here in America. I also support workforce training and apprenticeship programs developed in partnership with private industry to help displaced workers gain the skills to succeed in a changing economy.
Economies run on energy. If we want lower costs and a high standard of living, we need reliable, efficient, and abundant energy. At the same time, we must be responsible stewards of our environment.
We also need to be honest about how much energy we consume. Every data center, every cloud server, every streamed video, and every ChatGPT query consumes massive amounts of energy that cannot possibly be met by wind and solar alone.
I support an all-of-above energy strategy that includes a heavy reliance on nuclear power. Having served on a nuclear submarine, I understand the promise and safety of nuclear technology. I support investing in small modular reactors to fuel our American future – like the ones that power Navy ships.
Tariffs are a tax, plain and simple. They raise prices for consumers, create uncertainty for small businesses, and punish our domestic exporters. In Colorado, tariffs and retaliation have reduced our farmers’ access to global markets and have increased the cost of production. Hardworking families are paying more for basic goods when they are already struggling. Congress needs to re-assert its tariff authority under the Constitution. I will work with any member of Congress to reduce tariffs.
Strong countries don’t get pushed around, let alone attacked. When America is strong, our enemies think twice about testing us. When America is weak, our enemies become more aggressive. Unfortunately, Washington treats national security like another partisan food fight. Endless budget standoffs and political dysfunction send a message of weakness.
History has shown that dictators are dangerous not only to their peoples but to global stability. China, North Korea, Russia, and Iran are controlled by dictators that suppress freedom, threaten their neighbors, and seek to expand their influence at America’s expense.
America must be prepared to meet these challenges. We must support Ukraine against Russian aggression, counter China’s growing military ambitions, maintain stability in the Middle East, and watch out for threats from North Korea and Iran. Military strength is not enough. America must also be economically strong, technologically advanced, and be viewed as a force for good in the world.
Whether the current military action will achieve our strategic goals remains to be seen. But one principle is clear: military action must have congressional authorization consistent with the War Powers Act. Decisions involving war and peace are too important to be made without the involvement of the American people’s elected representatives. We also need to get our allies on board. We cannot do this alone.
At the same time, we must be honest about the threat the Iranian regime poses to American security. For decades, Iran has terrorized the Middle East, sowing instability and bloodshed through its terror proxies. It murders its own citizens and explicitly seeks the destruction of Israel and the United States.
I support a strategy that prevents Iran from obtaining nuclear weapons and supports the Iranian people’s desire for freedom. At a minimum, the current regime must no longer pose a threat to its neighbors, to regional stability, or to the wider world.
We need a balanced approach to criminal justice. The radical left is apologetic toward criminals, and supports policies – like defunding the police – that make our communities less safe. On the far right, there is no understanding of the role societal factors play in criminal behavior. We need an approach that melds accountability with treatment. Many companies exist solely to give criminals meaningful jobs and an off-ramp from the cycle of crime and punishment. We need more private industry entrepreneurs to play a role in giving former criminals a path to productive civic participation and financial independence.
I am a gun owner. I believe we can protect people’s Second Amendment rights while protecting our citizens from violence. Law-abiding Americans have a constitutional right to own firearms for personal protection, hunting, sport shooting, and other lawful purposes. I will defend those rights.
But weapons of war (assault weapons) are not needed for personal defense or hunting. Colorado has experienced the horror of mass shootings using assault weapons. For a decade during the 1990s and early 2000s, Congress restricted assault weapons, and I believe Congress should revisit that approach.
We can protect both freedom and public safety – and Americans are tired of politicians pretending we cannot do both.
Water is one of Colorado’s greatest long-term challenges. As a headwaters state, much of the water that originates in Colorado is claimed by downstream states under longstanding interstate agreements. At the same time, Colorado faces growing competition for water among farmers, cities, industry, recreation, and environmental needs, while population growth and declining rain and snowfall put pressure on our water supply.
Our options are: (1) reduce demand; (2) improve conservation; (3) build more reservoirs to store water during dry periods; (4) increase use of treated wastewater; and (5) reduce obligations to other states. For this last option to be acceptable, we need alternative sources of water. I support a federal feasibility study to examine desalinating Pacific Ocean water and transporting it to other parts of the Southwest, including Las Vegas, reducing some of the downstream demand on the Colorado River.
Such projects would be expensive and energy-intensive, but big challenges demand big solutions. We need to invest in long-term solutions to protect Colorado’s economy, agriculture, environment, and quality of life.
The two-party system survives by keeping Americans angry at each other while nothing actually gets fixed. Washington is defined by temper tantrums, political theater, and dysfunction.
When Congress fails to do its job, the executive branch steps in to fill the gap through executive orders and administrative rulemaking. That is not how our system is supposed to work. I support three initiatives to return power to the people and create balance in our government:
- Eliminate gerrymandering and create truly competitive elections with more than two viable political parties. The United States is one of the only modern democracies where politicians effectively choose their voters through redistricting. That must change.
- Limit the ability of the executive branch to threaten the legislative branch with primary challengers. Open primaries, ranked choice voting, or proportional representation can help reduce this threat and restore the independence of the legislative branch.
- Enact congressional term limits: 16 years for members of the U.S. House and 18 years for members of the U.S. Senate.
A generation of Americans is being told homeownership is out of reach while politicians argue on television. In Colorado, the housing crisis is a supply-and-demand problem: Many people want to live here, but most of us want to protect the land from over-development. This problem is exacerbated by several factors: high mortgage rates, the high cost of supplies and labor, and government regulation that delays building more homes. Let’s tackle each one.
High mortgage rates are impacted by Washington’s fiscal recklessness. High national debt means the government has to offer higher yields to continue attracting borrowers for our Treasury bonds. Banks use these higher yields as the benchmark for determining mortgage pricing. Put another way, when banks think inflation is likely, they are unwilling to lend at lower interest rates because the money will be worth less when homeowners repay it.
Tariffs, inflation, and a crackdown on immigration all cause supply and labor costs to rise.
Finally, overbearing environmental regulations and permit processes delay building and create additional costs.
If we want to build more affordable housing, we need to tame our national deficits, reduce tariffs, welcome immigration labor, and repeal costly regulations.