Herbert Hoover actually said...

"There is nothing more important than the balancing of the budget with the very least increase in taxes"

"The administrative officials of the Government are cooperating with the special Economy Committee in the House in a general drive to bring about very drastic economies in Federal expenditure"

"I believe that the Committee on Economy through these avenues and the reorganization can find a large area for economy and will be able to find the amount necessary to balance the budget"

"I hear from all sides fine compliments on the entertainment which you gentlemen provided the other night"