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Peter Schiff on Budget Deficit National Debt and Economic Crisis

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Uploaded by on Oct 4, 2009

We desperately need Peter Schiff in the US Senate. Schiff explains how badly the country is being run by a Congress that doesn't understand the damage it is causing. We need someone in there who understands economics and who can help Ron Paul restore sanity to an insane Congress. Please donate to Peter Schiff at www.schiffforsenate.com. Courtesy of www,campaignforliberty.com northeast conference in Valley Forge, PA. 9/19/09

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  • Ronald Regan spent his entire career trying to put an end to wasteful government spending. The money he spent was money that purchased the peace dividend. He won a war with oppressive communism without firing a shot. We have used the money he so wisely spent for decades since in our military. It's a shame that we squandered the peace dividend that Reagan bought us.

  • "i don't worry about the deficit." - Ronald Reagan

    "Reagan taught us deficits don't matter." - Dick Cheney

  • That's why any Republicans out there better wake up and join the FREEDOM MOVEMENT. We are NOT republicans OR Democrats. However, many republicans feel good about that party because of the nicey nice talk. All that said, AT LEAST Regan spent money puchasing peace with the Communists and avoiding a 3rd world war. Regan was also one of the most outspoken politicians AGAINST deficit spending. He had a democratic congress and I guess you could say that he made "Compromises."

    NO MORE COMPROMISE

  • Nah. Reagan pontificated for his entire career about balanced budgets and fiscal responsibility. But in eight years Reagan never once submitted a balanced budget to Congress.

    And George W. Bush was exactly what Reagan would have been like if Reagan had had a Republican Congress like Bush did.

  • I don't see the relevance to Peter Schiff.

    Ronald Reagan was largely responsible for the greatest economic expansion and growth in the history of mankind. I can't really debate it here. you have a good point in the fact that he didn't live up to his promise to eliminate the deficit spending.

    However, he did live up to his promises to create jobs, create economic stability and to put an end to the threat of communism. For those accomplishments, he was a great man.

  • Peter Schiff and His Father Irwin Schiff and brother Andrew Schiff are nominated into Free The Nation's Freedom Fighter Wall of fame. Other members include Thomas Jefferson, George Washington, Andrew Napolitano, Ron Paul and James Madison.

Top Comments

  • please good people of Conn, elect this guy. He simply is the most qualified candidate who actually could help get us out of this mess,

  • Great Speech....bravo Peter!

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  • - Thank you Peter Shiff for explaining economics and current economic crisis ... I know now what is going on ... After collapse of financial institutions I wanted to know what is going on and WHY ... I found your video ...

    Many people are in the dark they do not know what is going ON ...

  • Ronald Reagan famous speach about ,,, Rule of Law , not rule of the jungle ,

    USA administration shits on rule of LAW and USA administration pushed Law of the jungle in the world .

    I do not know can you see that ... Invasion Of IRAQ based on lies, Invasion of Afganistan to chase one man(USA goverment created) , It is all Bullshit

    World is less secure and no one feels safe .. THANKS to USA I do not know who leads USA.

  • Barack Obama steped on the gas... lol

  • I remember the 1980 election vary well.

    Those who supported Bush threatened to leave the Republican party if Reagan was nominated. Reagan compromised and made Bush VP. Reagan was a libertarian who believed in the Gold standard and small government, but

    Reagan had to deal with a Democrat controled congress and an unfriendly media. I think he did the best anyone could do.

  • Of course Reagan didn't worry about the deficit, after the USSR fell he had no intention of keeping up deficit spending.

  • Nope it is both parties are owned and bought by big business, yes cunton aka clinton too.

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