U.S. President <a href="https://en.wikipedia.org/wiki/Dwight_D._Eisenhower" id="mwAQs" rel="mw:WikiLink" title="Dwight D. Eisenhower">Dwight D. Eisenhower</a> delivers a televised <a href="https://en.wikipedia.org/wiki/Eisenhower's_farewell_address" id="mwAQw" rel="mw:WikiLink" title="Eisenhower's farewell address">farewell address to the nation</a> three days before leaving office, in which he warns against the accumulation of power by the "<a href="https://en.wikipedia.org/wiki/Military–industrial_complex" id="mwAQ0" rel="mw:WikiLink" title="Military–industrial complex">military–industrial complex</a>" as well as the dangers of massive spending, especially deficit spending.