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#1206 BREAKING: Peter Schiff Is Now A Bitcoiner

The Pomp Podcast

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The Debt Crisis in the United States

I think if Americans got the bill for a lot of these programs that they claim they want, they really wouldn't want them. So it makes sense in terms of cutting entitlements. But what does that look like in terms of the creditors of the United States? Well, again, they take an honest haircut instead of a dishonest one. I think if we act fiscally responsibly now, which would include a restructuring, our creditors are actually going to lose a lot less.

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