A different song with the same title as the previous one:

WE CAN LIVE ON LOVE
Written by Jack Golden, Smith Ballew, & Eddie Polla.
As recorded by Benny Goodman & His Orchestra with vocalist Paul Small, 1931-02-05.

I'm completely busted.
My bank account has rusted,
But why become disgusted
When we can live on love?

Kisses are in season,
And in between the squeezin',
You'll find them mighty pleasin',
When we can live on love.

We'll be so rich in
Our parlor and kitchen.
While laces you're stitchin',
With the housework I will pitch in.

Later on we'll feature
A bouncing little creature.
Let's run and tell the preacher
That we can live on love.

[The catalog entry at Indiana University indicates there is a missing verse that begins "They say the best things in life are free, that's just how...."