08/07/1929
https://www.presidency.ucsb.edu...
"When the bonus act was passed it was upon the explicit understanding of the Congress that the matter was closed and the Government would not be called upon to make subsequent enlargements."
"It is represented that this measure merely provides loans against a future obligation and that, therefore, it will cost the American people nothing."
"I return herewith, without my approval, H.R. 17054, 'An Act to increase the loan basis of adjusted service certificates.'"
"No one will deny that under the pressures or allurements of the moment, many will borrow against these certificates for other than absolutely necessary purposes."