Calvin Coolidge actually said...

Since I have been President, of course, we have entered into a good many new expenditures.

And we have been able to meet these large increases by absorbing them through economies in other directions.

I have said a great deal about tax reduction, of course, since I have been President, but this always has to be borne in mind—that tax reduc...

I am opposed to extravagance, rather than to tax reduction.