Herbert Hoover actually said...
Our problem is to assure the adjustment of our forces to the minimum based upon the outlook in the world; to strive for lower armament throughout the whole world; to promote good will among nations; to conduct our military activities with rigid economy; to prevent extremists on one side from undermining the public will to support our necessary forces, and to prevent extremists on the other side from waste of public funds.
Context
Statement on Navy Day.
10/26/1931