Herbert Hoover: “The willingness of our people to accept this added burden in these times in order impregnably to establish the credit of…”

These expenditures cannot be recovered; they must be met by the taxpayer now or in the future.

This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power of defense through decreases in the power of the attack.

No such suggestion has ever been made by any American official.

One never makes a statement like that.