US Presidency
1938

And if that financing is of the wrong kind or goes bad, he may need help to save his home from foreclosure. Once old age was safe because there was always something useful which men and women, no matter how old, could do to earn an honorable maintenance. That time is gone; and some new kind of organized old age insurance has to be provided. In these perplexities the individual turns, as he has always turned, to the collective security of the willingness of his fellows to cooperate through the use of government to help him and each other. The spirit of the frontier husking bee is found today in oversanguine statutes, statutes insuring bank deposits; statutes providing mortgage money for homes through F.H. A.; statutes providing help through H.O.L.C. for those in danger of foreclosure.