03/19/1931
https://www.presidency.ucsb.edu...
"All of the principal officers of the Government are cooperating to bring about reductions."
"The essential services of the Government must and will be maintained, but these are times when, with the large deficit facing the country, even meritorious projects can, must, and will be deferred."
"The second difficulty is that the Federal Government must make its contribution to expanded employment so long as the present situation continues."
"There are two great difficulties which confront us in programs of reduced expenditures."