George Washington, as quoted in R. Chernow’s Washington: A Life, p. 108.
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There is no practice more dangerous than that of borrowing money…for when money can be had in this way, repayment is seldom thought of in time…Exertions to raise it by dint of industry ceases. It comes easy and is spent freely and many things indulged in that would never be thought of, if to be purchased by the sweat of the brow. In the mean time, the debt is accumulating like a snowball in rolling.
— George Washington on Debt
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "There is no practice more dangerous than that of borrowing money…for when money can be had in this way, repayment is seldom thought of in time…Exertions to raise it by dint of industry ceases. It comes easy and is spent freely and many things indulged in that would never be thought of, if to be purchased by the sweat of the brow. In the mean time, the debt is accumulating like a snowball in rolling." in the context of "George Washington, as quoted in R. Chernow’s Washington: A Life, p. 108." to mean that wisdom is timeless.
Source: Wikiquote: "Debt" (W)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed February 05, 2026). https://gemini.google.com/app
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About George Washington
George Washington (22 February 1732 – 14 December 1799) was an American military officer, statesman, and Founding Father who served as the first president of the United States from 1789 to 1797. Appointed by the Second Continental Congress as commander of the Continental Army in June 1775, Washington led Patriot forces to victory in the American Revolutionary War and then served as president of the Constitutional Convention in 1787, which drafted and ratified the Constitution of the United States and established the American federal government. Washington has thus been called the "Father of his Country".
About George Washington
George Washington (22 February 1732 – 14 December 1799) was an American military officer, statesman, and Founding Father who served as the first president of the United States from 1789 to 1797. Appointed by the Second Continental Congress as commander of the Continental Army in June 1775, Washington led Patriot forces to victory in the American Revolutionary War and then served as president of the Constitutional Convention in 1787, which drafted and ratified the Constitution of the United States and established the American federal government. Washington has thus been called the "Father of his Country".
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