Harry Truman actually said...
While I can understand that instances may occasionally occur which might justify the Federal Government providing for additional subsidies on Reclamation projects either through waiver of interest charges over longer periods of time or possibly, in some cases, through extensions of repayment periods beyond what might eventually turn out to be the useful life of a project, I do not wish my action in approving S. 1990 to be construed as endorsing the principle of extending generally the basic 40-year repayment period for Reclamation projects.
Context
Letter to Secretary Krug Upon Signing Bill Relating to the Completion of the Provo River Reclamation Project
03/28/1948