Peter Schiff
speaker
879 appearances
1 recordings
1 series
first heard Jul 2026
last heard 23 Jul
Peter Schiff’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Or we can cut spending.
We could reduce the deficit.
But the size of the tax hikes or the spending cuts would be substantial.
And it couldn't be spending cuts in name only, where the spending cuts don't kick in for five years.
They would actually have to cut spending so that people who are getting checks from the government get smaller checks right now.
I have a crazy idea.
It's not even enough to make a difference.
Because I think...
Obviously, 20, 30-year-olds that are paying Social Security taxes, they have no chance of ever seeing a Social Security tax.
But you mean instead of paying Social Security tax?
Correct.
And that just makes the problem worse right now.
Well, because the government needs the Social Security taxes to pay the people that it made the promise to 50 years ago.
Yeah, but they had to borrow that money.
So that's actually a net negative.
OK, because those kids are going to inherit that debt.
They'd be better off without the debt and without the Trump accounts.
But you were free to do that without the Trump accounts.
Brad Gerstner's doing- Right, because each kid, because there's a max, each kid could get a maximum, I think, $5,000 a year.
$5,000 a year, correct.
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