The President's News Conference
12/04/1930
https://www.presidency.ucsb.edu...
Under authority of the act of Congress approved June 4, 1897 (30 Stat. 11, 36; U.S. Code, title 16, sec. 473), and on th...
The armaments of the world have grown up in general mutual relation to each other.
All bombing planes to be abolished.
These expenditures cannot be recovered; they must be met by the taxpayer now or in the future.