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.

10/26/1931

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