Cherish is the word he used to describe public credit.

Photo Credit: Carlos Porto
"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.
Here's a scathing modern-day indictment on Obama's and the Democrats' endless spending.

Labels: Deficit, Disaster, George Washington, Public Debt, Spending, Taxes