Peter Schiff on federal spending

At the December 17 grand opening of the Schiff for Senate headquarters, I asked US Senate candidate Peter Schiff what he felt needed to happen with federal spending:



I agree. Both the deficit and debt are huge and growing. And Bailout Ben's prescription to heal the illness - monetizing the debt - is IMO a prescription to hurt those most in need via the incideous inflation tax. Instead of healing the illness, his printing presses are more like another fix for an addict. Sure, things improve for a short time. But eventually the day of reckoning will arrive. And middle class America will see our standard of living continue to drop.

Tim White