Political Quotes

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

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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