What is the significance of George Washington's farewell address?

He warned the United States from its greatest dangers. 1. He was against forming permanent ties with other countries because choosing sides could draw the United States into war. 2. He worried about growing political conflicts within the nation. He said political parties would weaken the government. 3. Washington warned the country of too much public debt. He said the government should try not to borrow money. (and yet our country failed to listen to any of this....)