Franklin Roosevelt actually said...

"The total expenditures of the Government for the fiscal year ended June 30, 1934, amounted to $7,105,000,000."

"During the first 5 months of the current fiscal year the Government expended for recovery and relief $1,712,000,000."

"Business was substantially more active during the fiscal year 1934 than in either of the two preceding fiscal years."

"The Budget of the United States Government for the fiscal year ending June 30, 1936, is transmitted herewith for your consideration."