Warren Harding actually said...

"Productive labor is staggering under an economic burden too heavy to be borne unless the present vast public expenditures are greatly reduced."

"It is idle to look for stability, or the assurance of social justice, or the security of peace while wasteful and unproductive outlays deprive effort of its just reward and defeat the reasonable expec..."

"Yet there would seem to be no ground to expect the halting of these increasing outlays unless the Powers most largely concerned find a satisfactory basis for an agreement to effect their limitation."

"The time is believed to be opportune for these Powers to approach this subject directly and in conference; and while, in the discussion of limitation of armament, the question of naval armament may na..."