Quotation by Franklin D. Roosevelt

Don't forget what I discovered—that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars.
Franklin D. Roosevelt (1882–1945), U.S. president. Franklin D. Roosevelt and the Search for Victory: American- Soviet Relations, 1939-1945, p. 27, Scholarly Resources, Inc. (1990). PSF II, Departmental Files, State Department, 1940-1941, Box 22, Franklin D. Roosevelt Library, Hyde Park, New York, FDR to Adolph A. Berle, Jr. (June 21, 1941).

This was a theme FDR harped on throughout his presidency. A first obligation of the President was to attempt arms limitation; failing this, the first obligation was to arm for defense.
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