Raising the debt “ceiling”?
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You are a gem Peter Schiff, a courageous straight-shooter.
You might also consider buying a decent microphone – it’s hard to listen to such shrill audio.
Peter why do you try to help the smugg a holes. I hope all you smugg pigs rot in hell.
Peter.. you are one of the few people who is making any sense to me!!
New subscriber checkin in.
First conservatives claimed that the “stimulus” would have no effect-now its clear it has helped and they claim it doesn’t matter because the economy will suffer when the effect subsides. Hey Peter, google “intellectual dishonesty”. Obama’s choices were stimulate the economy or simply “do nothing” and “hope for the best”. You all didn’t see the crisis coming but you know “for certain” what would’ve happened if no stimulus was used. Where were you when Bush was spending? Google “hypocrisy” next.
Fact is when Clinton left office, there were 23mil jobs created and an 800bil surplus. When Bush left office, there were 2.5mil jobs created and a 1.3tril deficit. You conservatives were cheerleading us borrowing 1.7tril for Bush’s tax cuts but where are the jobs that was to create? You kept silent as Bush swallowed his veto pen for years. Nearly 3tril in Iraq and all of a sudden you care about deficits. Bush told us that war would cost 60bil tops. Peter you guys are flaming hypocrites buddy.
The dirty little secret conservatives dont want us to notice is that they deficit spend as well-its just in service of different special interest. Tax cuts and wars cost money just like entitlement programs do and borrowing for one is inherently not better than borrowing for another. Reagan didnt “pay” for his tax cuts with spending cuts and neither did Bush. GOP never does and conservatives never demand it. Whole philosophy is empty. If Obama borrowed 1tril to fix estate tax Peter would dance.
GREAT!
Since tax cuts have been proven to bring in more $ for the government, why are democrats against them, while insisting on raising taxes to create higher deficits and bigger government? Why did the GOP spend so much money when in control of congress? The answers are that both parties are playing the people for fools, while doing the opposite to keep most of us mad, confused and in the dark, as they plan and plot against us. Votes are meaningless anymore.
They dont want to lower taxes, because they’re financing 2 wars, and wasting money on special interest groups, research and lobbyists.
This is why they’re trying focus on lower medical care, they want insurance/medical industry to eat the costs cuts, not them having to address taxation, debt and waste spending.
Peter Schiff is so correct, we have to produce our way out of recessions.
Well, I don’t know…it does take a lot of courage to raise the debt ceiling.
Reasoning: It takes a lot of courage to bring on the depression “quicker” and face it right at their doorstep. Then we’ll start from ground -zero and rebuild…..does that sound good?
We can have an American Jubilee and forgive our debt….and restart.
Maybe even a world-wide international jubilee… we can all can start on a fresh system, fresh paper, fresh computer memory.
A jubilee requires that our creditors have mercy. The global banking elites have none. They’re out for blood. Be very careful when the globalists start to offer an amero or another currency as some kind of jubilee or do-over. They are deceitful wolves prowling in search of prey to devour.
Democrats aren’t interesting in bringing in revenue; they’re looking for control. High taxes keep people dependent on government. Low taxes are only given with strings attached.
read the Austrian economists at Mises (dot) org.
They understand common sense economics like Peter Schiff and Ron Paul and Gary North.
You better google peter Schiff and foreign policy, then come back and apologize.
here I’ll help you: watch?v=k7RJSiV3GVQ
quote: “I was very much against the Iraq war from the beginning”
Forget the red/blue left/right bullshit. Look who is above you, not to your left or right. learn about the Federal reserve. we need to be united to fight the banker overlords that own the corporations (all corps are owned major share by banks) and our government. You have schiff confused with Neocons.
so true dude. that whole red blue thing was started I think to show people how absurd the left right paradigm is. there is no need to convince anyone. we ALL know what this guy says is true.
I think it’s hillarious the way youtubers are desperately trying to convince people were spending too much. Everyone knows it. it’s the politicians who change their way on day one after elected.
Why do are elected officials keep letting us down yet we keep voting them in again and again?
Here’s the good news we’ve all been waiting for.RIP
Schiffty Pete, still fearmongering.
“I don’t worry about the deficit’ – Ronald Reagan
“Reagan taught us deficits don’t matter” – Dick Cheney
There is a short-term gain with deficits i.e. debt, but when the bills are due the deficits are a trap. Bush, Cheney, and Reagan got what they wanted short-term but long term the government saw an increased burden.
Bush basically bailed out his Goldman Sachs buddies with taxpayer money.