12/02/1926
https://www.presidency.ucsb.edu...
"And we have been able to meet these large increases by absorbing them through economies in other directions."
"The present debt of the United States is about $18,000,000,000."
"Since I have been President, of course, we have entered into a good many new expenditures."
"I am opposed to extravagance, rather than to tax reduction."