William K. Black Refutes Peter Schiff's Senseless Debt Ceiling and Social Security Proposals

[tbradtbrad]

why are "Bill Black's" teeth blacked out?

[freshhug]

@tbradtbrad

Maybe he has bad genes or uppbringing.

[BubbaLouis]

@avaresearch Then go to his blog site that he shares with other economists, and raise it there. The site is neweconomicperspectives (add the rest). There are people there who can tell you whether he is right or wrong. You cannot call him a fraud in six lines here, and expect us to believe you without knowing the facts. Black is not a journalist, he is an economist. He has a track record of getting 1,000 elite bankers put in jail for fraud. If you are correct, present both sides accurately.

[allgoo19]

@SchittReport

Thanks for creating a channel for speaking out the truth, finally.

The truth is clear, libertarians, Schiff and Ron Paul are nothing but noise makers.

[g777enn]

The key Dems are in the know. It's all theater. Behind the scenes they are both united & intend to cut SS & Medicare. Just look who Obama put on his deficit panel 2 Republican SS cutters.

[Ventorez]

Look both are wrong Peter Schiff is wrong cause he knows our economic system demands constant growth so we cant afford to stop spending and as he acknowledges will cause a lot of hurt and william k black is advocating propping up this ponzi scheme we call an economy in the end its the system that is flawed neither solution addresses the true underlying problem

[wjksea]

The republican party is mostly an anti-social ideology that appeals to those who to greater or lesser degree are anti-social.

[MaryWaterton]

If we don't raise the debt ceiling the economy collapses, and yet if we continue with the the TRILLION dollar deficits it will collapse in a few years anyway. Damned if we do, damned if we don't. I say refuse to raise the debt ceiling and demand real cuts.

[AirelonTrading]

2:38 to 2:41 - Ok, that look he gives sort of creeps me out a little bit ...

[AirelonTrading]

1:23 onwards - Oh dear god, not the "social security stays solvent".

Social security as the program itself s solvent, has been solvent

[AirelonTrading]

@AirelonTrading Ok ... phew, nice to see the prof explained it properly

[studentofmises]

So why do we have a debt ceiling?

[lukegarratt82]

@studentofmises exactly? why bother with it? deficit spending is so good in a recession, just ditch the debt ceiling for good!!!

it's not like the debt ceiling has ever been lowered afterwards

[seriouslycurious1]

cant believe they used blazing saddles, ROFL

[707hoser]

The Republicans will use any crisis to their political advantage. It is insanity to raise the retirement age to 69, the only result will be greater unemployment. There will be a greater surplus of labor, resulting in even more downward pressure on wages. I suppose that is what the Republicans and their corporate pals want. Lower wages will mean less tax revenue, hence bigger deficits.