George Washington: Credit Prosper

Posted by admin on Tuesday, January 8, 2019

George Washington Money Quote saying in the first State of the Union Address to Congress on January 8, 1790 that we should work out how to pay our debts ($11,000,000 at the time). George Washington said:
 
An adequate provision for the support of the public Credit is a matter of high importance to the national honor and prosperity Quote
 

“An adequate provision for the support of the public Credit is a matter of high importance to the national honor and prosperity” — George Washington

 
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Federal Debt Held by he Public 1790-2013
 
The national debt was only at $0 one time in history, beginning January 8, 1835 when President Andrew Jackson was able to keep the debt at zero for about a year.
 
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