Peter Schiff : "It is going to get more austere before it is over , but yes they are moving in the right direction all be it much more slowly than they should be " Peter Schiff says "they are going to have a bigger haircut to make it possible (pay their debt)" he explains "they shouldn't just be lowering the minimum wage they should be abolishing it , you still have too many people employed by government you still have government meddling too much in the economy and that has to stop ""they should have defaulted completely"