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.'
Keynote Speech to the Conservative Political Action Committee, delivered 11 February 2011, Ronald Reagan Centennial Dinner, Washington, D.C.
