01/29/1928
https://www.presidency.ucsb.edu...
"On the whole the finances of the Government are most satisfactory."
"Under this sound and healthful encouragement the national income has increased nearly 50 per cent, until it is estimated to stand well over $90,000,000,000."
"The requirements of existence have passed beyond the standard of necessity into the region of luxury."
"We are committed irrevocably to a balanced Budget and that carries the assurance that the only revision of our tax laws which will be considered is a revision downward."