Harry S. Truman on Social Security (United States)

“There are two main differences between Ponzi’s original scam and tThe passage of the Social Security Act in 1935 marked a great advance in our concept of the means by which our citizens, through their Government, can provide against common economic risks. . ."”

“Our Social Security System should be developed into the main reliance of our people for basic protection against the economic hazards of old-age, unemployment, and illness. I earnestly hope that the Congress will complete action at this session on legislation to increase the benefits and extend the coverage of old-age and survivors' insurance. The widespread movement to provide pensions in private industry dramatizes the need for improvements in the public insurance system.”

“I have been studying the Republican Party for over 12 years at close hand in the Capital of the United States. And by this time, I have discovered where the Republicans stand on most of the major issues. Since they won't tell you themselves, I am going to tell you. They approve of the American farmer—but they are willing to help him go broke. They stand four-square for the American home—but not for housing. They are strong for labor—but they are stronger for restricting labor's rights. They favor a minimum wage—the smaller the minimum the better. They indorse educational opportunity for all—but they won't spend money for teachers or for schools. They think modern medical care and hospitals are fine—for people who can afford them. They approve of social security benefits—so much so that they took them away from almost a million people. ... They think the American standard of living is a fine thing—so long as it doesn't spread to all the people. And they admire the Government of the United States so much that they would like to buy it.”