Calvin Coolidge actually said...

I am not in favor of the United States Government embarking on another program of building ships.

Excerpts of the President's News Conference in Rapid City, South Dakota

08/18/1927

More Calvin Coolidge Quotes

We should not depart from the wise policy established, and thus far rigidly followed, of keeping our expenditures within our receipts.

The prosperity, peace, and contentment of the people demand it.

It is essential that you know the effect of your task upon the Federal finances as a whole.

The wisdom of that policy has been definitely shown.