Democratic National Convention Keynote Address

Updated February 28, 2017 | Infoplease Staff

Debt and Defense: 'A Bum Deal'

Now, my friends, we really are at a crucial point in American history. Under this administration, we have devoted our resources to making this country a military colossus, but we've let our economic lines of defense fall into disrepair.

The debt of this nation is greater than it has ever been in our history. We fought a world war on less debt than the Republicans have built up in the last eight years.

You know, it's kind of like that brother-in-law who drives a flashy new car but he's always borrowing money from you to make the payments.

Let's take what they are proudest of, that is their stand on defense. We Democrats are committed to a strong America. And, quite frankly, when our leaders say to us, we need a new weapons system, our inclination is to say, "Well, they must be right."

But when we pay billions for planes that won't fly, billions for tanks that won't fire, and billions for systems that won't work, that old dog won't hunt.

And you don't have to be from Waco to know that when the Pentagon makes crooks rich and doesn't make America strong, that it's a bum deal.