Dwight D. Eisenhower Quotes
The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual's own work, his planning and his thrift will bring him a higher standard of living upon his retirement, or his family a higher standard of living in the event of his death, than would otherwise be the case. Hence the system both encourages thrift and self-reliance, and helps to prevent destitution in our national life.
Eisenhower, Dwight D. "Special Message to the Congress on Old-Age and Survivors Insurance and on the Federal Grant-in-Aid Programs." 14 Jan. 1954. Public Papers of the Presidents of the United States: Dwight D. Eisenhower, 1954, Office of the Federal Register, 1960, p. 62.
The minimum wage has never come close to meeting this ideal criterion in any country of the world. At the same time, health insurance costs in the U. S. and some other countries has been increasing at a much greater rate than wages, making this ideal situation even more unattainable.
Dwight David "Ike" Eisenhower GCB OM GCS CCLH KC NPk was an American military officer and statesman who served as the 34th president of the United States from 1953 to 1961. During World War II, he became a five-star general in the Army and served as Supreme Commander of the Allied Expeditionary Force in Europe. He was responsible for planning and supervising the invasion of North Africa in Operation Torch in 1942–43 and the successful invasion of Normandy in 1944–45 from the Western Front.
