Quote by Mitch Daniels

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.

The federal government now spends one of every four dollars

Summary

This quote highlights the concerning state of the US federal government's spending and borrowing habits. It emphasizes that currently, the government spends a significant portion of the entire economy's money and relies heavily on borrowing to finance its expenses. The quote argues that a nation, whether big or small, public or private, cannot flourish or maintain stability when burdened with such sizable debts. It suggests that the current level of debt is unsustainable and detrimental to the thriving and intact functioning of the nation.

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By Mitch Daniels

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