Herbert Hoover: “In view of the fact that our receipts are falling off materially from…”

On the recordJuly 23, 1931

In view of the fact that our receipts are falling off materially from the amount estimated at the time of the preparation of the Budget for 1932 and of the consequent large deficit indicated for the current fiscal year, I wish again to bring to your attention the seriousness of our financial situation and desire that you assure yourself that all those in your establishment are impressed with the urgent need for economies and postponements in view of this emergency.

Said by

Herbert Hoover

Republican · California

Source

presidency.ucsb.edu

Editor's note · Context

Memorandum to Federal Departments and Agencies on Expenditures for Fiscal Year 1932

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Herbert Hoover: “In view of the fact that our receipts are falling off materially from the amount estimated at the time of the…”

Editor's note · Context