Statement on Government Expenditures.
07/17/1930
https://www.presidency.ucsb.edu...
I propose that the treaty number and tonnage of battleships shall be reduced by one-third.
The armaments of the world have grown up in general mutual relation to each other.
I am glad to see the adoption by both the Senate and the House of the principle of generous relief to unemployment.
I propose that the arms of the world should be reduced by nearly one-third.