Herbert Hoover actually said...

"The essential services of the Government must and will be maintained, but these are times when, with the large deficit facing the country, even meritorious projects can, must, and will be deferred."

"There is only one course of sound fiscal policy, and that is to reduce the expenditure of the Government to the last cent consonant with the obligations of the Government."

"The second difficulty is that the Federal Government must make its contribution to expanded employment so long as the present situation continues."

"No conclusions have been reached on any particular proposed expenditure or economy."