George Washington Quotes
As a very important source of strength and security, cherish public credit.
Washington, George. "Washington's Farewell Address." 19 Sept. 1796. The Writings of George Washington from the Original Manuscript Sources, 1745-1799, edited by John C. Fitzpatrick, vol. 35, U.S. Government Printing Office, 1940, p. 230.
Nasir Khusaro Hamiduddin Abu Muin Nasir bin Khusaro bin Harith al-Qubandiyani
A minority group of very conservative members of the House of Representatives had decided to hold America’s full faith and credit and the economy hostage to implementing their minority proposal to reduce government spending more than the majority wanted shortly after the 2012 election where the voters had rejected the conservative position. None the less, they were threatening to force the government to default and not pay for the items that the Congress had previously already approved by not approving a debt ceiling increase. The President was determined not to negotiate with “hostage takers” and making sure that America paid its bills for the money spent as authorized by Congress.
This is a remarkable quotation in that it proposed exactly what the United States did in the Nixon administration. We went off the gold standard and backed American money with the wealth and “full faith and credit” of the nation and all its assets. It has been the strongest and most sought after currency in the world despite the fact that it is not backed by gold or silver as earlier American currency was.
George Washington was the first President of the United States (1789-97), the Commander-in-Chief of the Continental Army during the American Revolutionary War, and one of the Founding Fathers of the United States. He presided over the convention that drafted the current United States Constitution and during his lifetime was called the "father of his country".
