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home / news releases / SPTL - Peter Schiff: The Real National Emergency Isn't At The Border - It's The Debt


SPTL - Peter Schiff: The Real National Emergency Isn't At The Border - It's The Debt

By SchiffGold

On Friday, Pres. Trump declared a national emergency. Based on that declaration, the president will reallocate $6.5 billion from other government programs to fund a border wall.

In his podcast on Friday, Peter Schiff said there is indeed a national emergency, but it has nothing to do with the border.

"Of course, the real national emergency is not the lack of a wall, the failure to build a wall, but building up the national debt."

Just last week, the US Treasury said the national debt has eclipsed the $22 trillion mark

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Stock Information

Company Name: SPDR Portfolio Long Term Treasury
Stock Symbol: SPTL
Market: NYSE

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