01/11/1932
https://www.presidency.ucsb.edu...
"Also some comparisons of Federal expenditures include the Post Office outlays."
"The Cabinet members and heads of independent agencies have undertaken a searching inquiry into every branch of the Government as to methods by which economies may be brought about for the present fisc..."
"Including the estimated postal deficit the total budget estimates of expenditures for the present fiscal year are $4,203,254,457, as compared with actual expenditures for the last fiscal year of $3,99..."
"I am confident that we can make a very large cut in this 209 million of increase so as to protect us against a fall in revenues."