Herbert Hoover actually said...

"No part of the debt owing to us has been cancelled or reduced; the postponed amounts are repayable over a period of about 10 years with interest at 4 percent."

"In saving the collapse of Germany by the year's postponement the American people have done something greater than the dollars and cents gained from the maintenance of our agricultural markets, the pre..."

"I have signed the act authorizing the foreign debt postponement for one year."

"While I see little objection to the day following Christmas in order that Federal employees may have the opportunity of joining their families out of town, I do not feel that we should extend the holi..."