Margaret Thatcher, Statecraft: Strategies for a Changing World (2002), pp. 43–44
“
[T]he defence budget is one of the very few elements of public expenditure that can truly be described as essential. The point was well-made by a robust Labour Defence Minister, Denis (now Lord) Healey, many years ago: ‘Once we have cut expenditure to the extent where our security is imperilled, we have no houses, we have no hospitals, we have no schools. We have a heap of cinders.’
— Margaret Thatcher on Denis Healey
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "[T]he defence budget is one of the very few elements of public expenditure that can truly be described as essential. The point was well-made by a robust Labour Defence Minister, Denis (now Lord) Healey, many years ago: ‘Once we have cut expenditure to the extent where our security is imperilled, we have no houses, we have no hospitals, we have no schools. We have a heap of cinders.’" in the context of "Margaret Thatcher, Statecraft: Strategies for a Changing World (2002), pp. 43–44" to mean that wisdom is timeless.
Source: Wikiquote: "Denis Healey" (Quotes about Denis Healey)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
About Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
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