Statement on Government Expenditures.
10/15/1931
https://www.presidency.ucsb.edu...
I propose that the treaty number and tonnage of battleships shall be reduced by one-third.
Any study of many of these public works provisions will indicate plainly their pork-barrel characteristics.
The armaments of the world have grown up in general mutual relation to each other.
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...