Any great power that spends more on debt service than on defense, will not stay great for a long time, a very long time.
Chuck Grassley: “Any great power that spends more on debt service than on defense, will not stay great for a long time, a very long time.”
On the recordJuly 8, 2024
Source
congress.govEditor's note · Context
Grassley cites a historical perspective on fiscal mismanagement and its consequences.
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