We have to raise our Debt Ceiling is because we can't Pay our Bills

"The reasons we have to raise our debt ceiling is because we can't pay our bills," Schiff says. "We're broke and we can't pay for anything, we have to keep going deeper and deeper into debt." - in Yahoo Finance



Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.