Quote by Mitch Daniels
If our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'
Summary
This quote highlights the importance of maintaining a strong financial foundation for a nation. It warns about the consequences of borrowing large sums of money from foreign investors, specifically in relation to the defense budget. The quote suggests that if the nation continues down this path, it will eventually face weakening strength and a lack of peace. Additionally, the quote cautions against prioritizing interest payments over national security, emphasizing the need for a more sustainable and robust financial strategy.
Topics
Peace
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