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Peter Schiff: “Refuse to allow the debt ceiling to be raised”

Posted By admin On May 11, 2011 @ 2:52 am In Money Watch | Comments Disabled

RT [1]
May 11, 2011

According to Euro Pacific Capital President Peter Schiff, it’s going to take a crisis for US lawmakers to get the economy back on track. The government, says Schiff, will have no choice but to cut spending. How long will it take before they realize it though? Despite catastrophic consequences, little is being done as America approaches hitting its debt ceiling. As a result of its hesitation, the country will be greatly impacted, says Schiff.

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