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Monday, October 10, 2011

Economist Peter Schiff goes to Washington

In attempt to tell Washington that spending our way out of recession is not the solution he ends up giving members of congress a lesson in Economics. It's always surprising that almost all members of congress believe if we spend now were investing in our future and can pay back that debt later.That has never worked since the idea of deficit spending came about and we have never paid down the debt entirely even in the business cycle booms.