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Updated: June 16, 2025
The public, the entire world, are long since the beneficiaries, and the benefits continue to be inconceivably vast. Nothing in all history exceeds in moral importance the invention of the telegraph except the invention of printing with movable types.
At a recent meeting of an University Montessori Club the case of donors to colleges and universities was reported on by a special committee. The majority report drew a pretty heavy indictment. It was shown that the givers to colleges and universities seldom considered the real needs of their beneficiaries.
To further strengthen the social security system and provide a greater degree of assurance to beneficiaries, given projected future economic uncertainties, additional action should be taken. Among the additional financing options available are borrowing from the general fund, financing half of the hospital insurance fund with general revenues, and increasing the payroll tax rate.
He went his way with the paper, and dropped the matter out of his mind dropped it out to make room for further attempts to think out the most promising way to invest his half of the reward, in case a partnership investment satisfactory to both beneficiaries could not be hit upon.
As 1983 began, the system stood on the brink of bankruptcy, a double victim of our economic ills. First, a decade of rampant inflation drained its reserves as we tried to protect beneficiaries from the spiraling cost of living.
Nothing could be more appropriate than that those who from unselfish motives and elevated sentiments are doing battle for the people's rights and interests, should themselves be the chief beneficiaries of success. Therefore, O children of the earthquake and the storm, let us stand shoulder to shoulder, heart to heart, and pocket to pocket!"
Nor should it be forgotten that it is not the rich nor the money lender alone that must submit to such a readjustment, enforced by the Government and their debtors. The pittance of the widow and the orphan and the incomes of helpless beneficiaries of all kinds would be disastrously reduced.
The Quakers, being first named, gave name to the policy, and it is called the "Quaker" policy to-day. Meantime railroads and settlements by hardy, bold pioneers have made the character of Indian agents of small concern, and it matters little who are the beneficiaries.
Of course, as the beneficiary of the Fund was to enjoy a simple life-interest, as it was hoped that new beneficiaries would arise and come up to new standards, it wouldn't be a trifle that the first of these worthies shouldn't have been a striking example of the domestic virtues.
One of the highest priorities of my Administration has been to continue the tradition of effectiveness and efficiency widely associated with the social security program, and to assure present and future beneficiaries that they will receive their benefits as expected.
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