Does "A mind is a terrible thing to waste" mean "a mind to be wasted is a terrible thing?"

Context:
Throughout his time as vice president, Quayle was widely ridiculed in the media and by many in the general public, both in the U.S. and overseas, as an intellectual lightweight and generally incompetent.^[12] Contributing greatly to the perception of Quayle's incompetence was his tendency to make public statements that were either self-contradictory and confused ("The http://en.wikipedia.org/wiki/The_Holocaust was an obscene period in our nation's history.… No, not our nation's, but in http://en.wikipedia.org/wiki/World_War_II. I mean, we all lived in this century. I didn't live in this century, but in this century's history"), impossible and confused ("I have made good judgments in the past. I have made good judgments in the future") or confused, as when he addressed the http://en.wikipedia.org/wiki/United_Negro_College_Fund, whose slogan is "A mind is a terrible thing to waste," and said, "You take the UNCF model that what a waste it is to lose one's mind or not to have a mind is being very wasteful. How true that is."^[13]