If our nation goes over a financial Niagara, we wo...

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.'

-Mitch Daniels

Peace Strength

If our nation goes over a financial Niagara, we wo... meanings

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Frequently Asked Questions (FAQ)

Who said "If our nation goes over a financial Niagara, we wo... "?

"If our nation goes over a financial Niagara, we wo... " is one of a famous quotes by Mitch Daniels. Complete quote is as follows;
"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.'"

What is "If our nation goes over a financial Niagara, we wo... "?

"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.'" This is a quote by Mitch Daniels which is about Peace & Strength. He is known to have been associated with numerous other thought provoking quotes on these topics like;

  • I'm at peace with myself and where I am. In the past, I was always looking to see how everybody else was doing. I wasn't competitive, I was comparative. I just wanted to be where everybody else was. Now I've gotten to an age when I am not comparing anymore.
  • Aging is not lost youth but a new stage of opportunity and strength.
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What does "If our nation goes over a financial Niagara, we wo... " mean?

This quote is primarily about Strength although it also includes other themes like Peace & Strength. It is attributed to Mitch Daniels. Complete quote is as follows;
"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.'"