Wednesday, October 31, 2018

Yellen says rising deficit is unsustainable

The United States is taking on too much debt right now, a problem that is will only worsen moving forward, former Federal Reserve Chair Janet Yellen said Tuesday.  "If I had a magic wand, I would raise taxes and cut retirement spending," Yellen told CNBC's Steve Liesman at the Charles Schwab Impact conference in Washington, D.C., who characterized the U.S. debt path as "unsustainable." 
https://www.cnbc.com/2018/10/30/yellen-says-rising-us-deficit-unsustainable-if-i-had-a-magic-wand-i-would-raise-taxes.html

Too much debt?  How could there be too much debt, we haven't reached infinity yet.  As for cutting Social Security, it will never happen.  She needs to stop worrying and love Big Brother's free lunch.

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