Peter Schiff – X, Released on 5/5/25

Trump assured there won't be cuts to Medicare, Medicaid, or Social Security. He said the only government spending cuts he would not veto are for waste, fraud, and abuse, as nobody minds that. That's the problem. To make America great, Trump must make the cuts that people mind.

— Peter Schiff (@PeterSchiff) May 5, 2025

No one can be refunded Social Security taxes, as the money has already been spent. If we don't make the cuts inflation will wipe out the value of the benefits.

— Peter Schiff (@PeterSchiff) May 5, 2025

Well if we don't cut them inflation will evicerated most of their value. It's better to target the cuts towards wealthier Americans who can better afford to take the hit, than to allow inflation to wipe out everyone equally.

— Peter Schiff (@PeterSchiff) May 5, 2025

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Peter is the CEO and Chief Economist of Euro Pacific Asset Management and Chairman of Schiff Gold. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.