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July 31, 2010

Cherish public credit … use it as sparingly as possible … avoiding likewise the accumulation of debt … bear in mind, that towards the payment of debts there must be Revenue, that to have Revenue there must be taxes; that no taxes can be devised, which are not … inconvenient and unpleasant …

– George Washington’s “Farewell Address to the People of the United States”. 

Published September 26, 1796 in The Independent Chronicle.

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