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..avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear.
George Washington
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Interpretation

What this quote means

This quote emphasizes the importance of financial responsibility and the duty to manage debt rather than passing it onto future generations.

George Washington's quote reflects his belief that individuals and governments should avoid accumulating debt and instead strive to pay off existing obligations during times of peace. He advocates for a sense of responsibility, stating that we should not burden future generations with debts that we have incurred, but rather take proactive measures to manage our finances wisely and responsibly.

Themes

DebtResponsibilityFinanceFuture GenerationsWisdom

In practice

Example use cases

In a lecture on fiscal responsibility, one might quote Washington to emphasize the importance of living within one's means.

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