The President's News Conference
07/18/1929
https://www.presidency.ucsb.edu...
Our Army, including the National Guard and all other reserves, has already been reduced much below the European standard...
It is folly for the world to go on breaking its back over military expenditure, and the United States is willing to take...
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...
That is very good of you.