World War II had been such a tremendous success story for this country that the political and military leadership began to assume that they would prevail simply because of who they were. We were like the British at the turn of the 19th century. ↗
We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II. ↗
