G Dub/AH on public credit
Washington's Farewell Address, 1796 (drafted by Alexander Hamilton): As a very important source of strength and security, cherish public credit . One method of preserving it is to use it as sparingly as possible, avoiding occasions of expense by cultivating peace , but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it, avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertion in time of peace to discharge the debts which unavoidable wars may have occasioned , not ungenerously throwing upon posterity the burden which we ourselves ought to bear. The execution of these maxims belongs to your representatives, but it is necessary that public opinion should co-operate . To facilitate to them the performance of their duty, it is essential that you should practically bear in mind that towards the payment of debts there must be revenue; that to have revenue there...