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September 21, 2011

We Have To Cut Spending

We have to cut $1.5 trillion out of this year's budget. The only way out of this mess, is for the government to get out of the way and let the inevitable market correction occur. It would be painful to cut spending by that degree, but not nearly as painful as it's going to be if we don't cut spending by that degree. - in Reason TV

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.
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