09/04/1934
https://www.presidency.ucsb.edu...
"Actual construction."
"The budget of the United States Government for the fiscal year ending June 30, 1942, is a reflection of a world at war."
"We must face the fact that even with what we call 'full employment' there will remain a large number of persons who cannot be adjusted to our industrial life."
"Yes; that is a question of working it out."