A Quote by Peter Schiff

The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.
I think at the end of the day we have to raise the debt ceiling, because America pays its bills.
Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.
If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.
If we had decided on January 5, in the new House of Representatives, to make no new spending bills, the debt ceiling would've still been hit, because, those are bills that are coming in as a result of purchases and commitments made by the administration and the previous Congress.
I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we'll able to pay our bills down the road.
Elected officials want to paint everyone with a broad brush. What they don't get is that everyone pays bills. Liberal activists pay bills. Conservative activists pay bills. Independents pay bills.
When you have a pile of bills that you have no idea how you are going to pay, you cannot focus on the bills, because you will continue to attract more bills. You have to find a way that works for you to focus on prosperity, despite the bills around you.
America pays its bills. It always has. It always will. The fact that Washington is now debating whether to honor its debts and obligations, then, should come as a surprise. But playing political football with a necessary vote to raise the nation's debt ceiling has become as predictable as a Twitter rant from Charlie Sheen.
Debt ceiling is something that, you know, any time the president asks for the authority to increase the debt ceiling, the debt burden on our children and grandchildren, I think that requires a pretty serious discussion, robust debate.
In Germany it's impossible to go bankrupt for medical bills, because even if you are bankrupt, ... the social solidarity system pays for your medical bills. The idea is, if you do have financial problems and a lot of worries for other reasons, you do not need to have another burden in not being able to pay medical bills.
If you borrow money to make money, you've done something magical. On the other hand, if you go into debt to pay your bills or buy something you want but don't need, you've done something stupid. Stupid and short-sighted and ultimately life-changing for the worse.
This time, instead of moving oceans and healing planets, let's get our bills in order and pay down the debt so we control our own future.
You know, we've got to be responsible about our debt. We don't want the United States to ever be a dead beat, and not be able to pay its bills, either to our soldiers who are fighting or to Social Security recipients.
Not raising the debt ceiling does not trigger a default, because we've got enough money to service our debts. Default is when you can't service your debt.
In FY 2006, interest payments alone on the national debt cost us $406 billion. . . . What a waste. . . . That $406 billion is pathetically squandered on interest, just because we lacked the discipline to pay our bills when due.
My parents believed in education and economic security, and I thank them for it. Because I think that's part of what's made my life stable. It was instilled in me. You have to be able to pay your bills. You do not get into debt. And I never have been.
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