Preparedness Notes for Thursday — September 19, 2024
On this day in 1796, George Washington‘s farewell address as US President was published. The full text of his speech is worthwhile reading. — On September 19th, 1778, the Continental Congress passed the first budget of the United States. While the budget may have passed, the states responded poorly to the call for taxes to fund the government, and the government resorted to printing paper money to cover debts. In effect, the first budget was a failure, due in large part to the states not responding to the demands of Congress and to the depreciation of fiat paper money. Are …