Peace dividend is a political slogan popularized by US President George H.W. Bush and UK Prime Minister Margaret Thatcher in the early 1990s, purporting to describe the economic benefit of a decrease in defense spending. It is used primarily in discussions relating to the guns versus butter theory. The term was frequently used at the end of the Cold War, when many Western nations significantly cut military spending.
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Famous quotes containing the word peace:
“Comfort, comfort ye my people, speak ye peace, thus saith our God;
comfort those who sit in darkness mourning ‘neath their sorrows’ load.
Speak ye to Jerusalem of the peace that waits for them;
tell her that her sins I cover, and her warfare now is over.”
—Johann G. Olearius (1611–1684)