Former Federal Reserve Chair Janet Yellen recently said, “If I had a magic wand, I would raise taxes”.
I’ve never heard “a Democrat majority” called that before. Guess that means that voting Republican is “expelliarmus” now.
Former Federal Reserve Chair Janet Yellen recently said, “If I had a magic wand, I would raise taxes”.
I’ve never heard “a Democrat majority” called that before. Guess that means that voting Republican is “expelliarmus” now.
Janet, you don’t need a magic wand to jack up taxes…you just need to put the Democrats back into power.
However, I think she’s right about the debt. Eventually this country is going to go broke if we don’t do something about excessive spending.
We’re fast approaching the point where we’ll owe more wealth than there is and soon our loan payments will exceed the rest of our budget combined.
The only saving thing is that the rest of the world is even more boned so when we go under, everybody else will be farther under.
As the gov’t is collecting record taxes, they’re more than a $trillion in the hole. It’s not a tax problem, it’s a spend problem.
I will say Yellen was the perfect economic guru for Obama. She refuses to see that when you lower the tax rate you increase tax revenues, and contrariwise.
She was also the one who floated the idea of negative interest rates. Cuz banks having money is a bad thing I guess.
She’s stupid enough to be on CNN!