Quotation 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 paymen

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Understanding this quote AI Analysis

Mitch Daniels warns that if the country faces a severe financial crisis, its overall power and ability to maintain peace will weaken. He highlights the risk that relying heavily on foreign loans to cover defense costs will lead to unsustainable interest payments, harming the nation's future stability.

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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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