The US won't cut spending, raise taxes much, seek a bailout, or default on its debt, David Rubenstein said.
"We aren't going to cut expenses in the government.
We aren't going to go to a bailout with the IMF, that's not realistic.
As a solution, Rubenstein encouraged young people to get more involved in leadership positions, whether in politics or the corporate world.
"I think that their concerns are not reflected very often in board meetings, corporate boards or foundation boards, nonprofit boards and so forth," he said.
Persons:
David Rubenstein, Rubenstein, that's, we're, Carlyle Group's
Organizations:
Bloomberg, Service, IMF, Federal Reserve
Locations:
Wall, Silicon