Franklin Roosevelt actually said...

"We can and do fix the rate of taxation definitely by law."

"The greater part of the budgetary deficits that have been incurred have gone for permanent, tangible additions to our national wealth."

"Sound progress toward a budget that is formally balanced is not to be made by heavily slashing expenditures or drastically increasing taxes."

"I believe I am expressing the thought of the most far-sighted students of our economic system in saying that it would be unwise either to curtail expenditures sharply or to impose drastic new taxes at..."