Herbert Hoover actually said...

"Final decision will not be reached until the final budget is presented to Congress."

"There is only one course of sound fiscal policy, and that is to reduce the expenditure of the Government to the last cent consonant with the obligations of the Government."

"The essential services of the Government must and will be maintained, but these are times when, with the large deficit facing the country, even meritorious projects can, must, and will be deferred."

"No conclusions have been reached on any particular proposed expenditure or economy."