Statement About Balancing the Budget.
03/24/1932
https://www.presidency.ucsb.edu...
Our Army, including the National Guard and all other reserves, has already been reduced much below the European standard...
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...
The time has come when we should cut through the brush and adopt some broad and definite method of reducing the overwhel...
I propose that the arms of the world should be reduced by nearly one-third.