Yellen says rising deficit is unsustainable: 'If I had a magic wand, I would raise taxes'
"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."
Yellen noted this will only get worse as more baby boomers retire and spending on retirement and health care programs grow.
https://www.cnbc.com/2018/10/30/yell...ise-taxes.html
Tom
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