Almighty and eternal Lord God, the great Creator of heaven and earth, and the God and Father of our Lord Jesus Christ; look down from heaven in pity and compassion upon me thy servant, who humbly prostrate myself before thee.
George WashingtonRead
..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.
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.
More from George Washington
All quotes →If, in the opinion of the people, the distribution or modification of the constitutional powers be in any particular wrong, let it be corrected by an amendment in the way which the Constitution designates. But let there be no change by usurpation; for though this, in one instance, may be the instrument of good, it is the customary weapon by which free governments are destroyed.
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The duty of holding a Neutral conduct may be inferred, without any thing more, from the obligation which justice and humanity impose on every nation, in cases in which it is free to act, to maintain inviolate the relations of Peace and amity toward other Nations.
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We began a contest for liberty ill provided with the means for the war, relying on our patriotism to supply the deficiency. We expected to encounter many wants and distressed we must bear the present evils and fortitude
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What is most important of this grand experiment, the United States? Not the election of the first president but the election of its second president. The peaceful transition of power is what will separate this country from every other country in the world.
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Perseverance and spirit have done wonders in all ages.
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