April 15, 2011

The Budget Compromise

"Both sides are now claiming victory [in the budget battle], that the new (budget) compromise demonstrates the resolve of our leaders to make the necessary cuts so that America can live within its means. The reality is, this compromise proves the exact opposite: that there is no will to do anything... that nobody is willing to make any of the cuts necessary to rein in the excesses in Washington. - in Seeking Alpha

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.