Former President Bill Clinton tells Newsmax that Washington should not raise taxes until the slumping economy is turned around — and says President Obama’s plan to increase taxes on the wealthy won’t solve the debt problem.

Clinton sat down for an exclusive interview with Newsmax Founder and CEO Christopher Ruddy in New York, where Clinton is holding the 10th annual gathering of the widely praised Clinton Global Initiative (CGI), an event that brings together heads of state, business leaders, humanitarians and celebrities to devise and implement innovative and successful solutions to some of the worlds most pressing challenges.

In the wide-ranging interview, Clinton discussed his foundation, climate change, the economy, taxes, government regulations, fellow Democrat Obama, and the possibility of civil unrest in America.