On the recordOctober 15, 1931
There is only one course of sound fiscal policy, and that is to reduce the expenditure of the Government to the last cent consonant with the obligations of the Government.
Source
presidency.ucsb.eduThere is only one course of sound fiscal policy, and that is to reduce the expenditure of the Government to the last cent consonant with the obligations of the Government.
Statement on Government Expenditures.
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It was unfortunate also that the provision for agricultural relief through the Reconstruction Corporation was omitted.
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