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

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Uploaded by on Jan 5, 2011

William K. Black provides insightful analysis and to the point commentary on the US budget deficit, funding issues, deficit ceiling and social security.

Basically, he is telling Schiff "Up yours, idiot!"

I had almost given up on Black but you have to give credit where credit is due; and in this interview, hes great.

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  • @tbradtbrad

    Maybe he has bad genes or uppbringing.

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

  • @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.

  • @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.

  • 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.

  • 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

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

  • 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.

  • @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

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

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