Quotation 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 t

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Understanding this quote AI Analysis

Mitch Daniels is warning that if the country continues to accumulate debt rapidly, it will weaken its financial stability and harm national security. He highlights the risk that borrowing heavily from foreign sources to fund defense will lead to higher interest costs that could consume a large part of the budget.

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More quotes about Strength

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We gain strength, and courage, and confidence by each experience in which we really stop to look fear in the face... we must do that which we think we cannot.
Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.

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