Quote by Mitch Daniels
But 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 emphasizes the idea that if a nation plunges into a severe financial crisis, it will lose its strength and, ultimately, its ability to maintain peace. The statement points out that currently, the country is reliant on borrowing the entirety of its defense budget from foreign investors, indicating a concerning trend. It warns that if this borrowing continues, the nation's interest payments will surpass its spending on national security in the near future. This, according to the quote, is not a prudent or resilient approach to ensuring the country's safety.
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