Richard Nixon: “The greatest threat to our new prosperity is excessive government spending.”

I have never been a quitter. To leave office before my term is completed is abhorrent to every instinct in my body. But as president, I must put the interests of America first. Therefore, I shall resign the presidency effective at noon…

It is essential that we move ahead to revitalize the global trading system through multilateral negotiations.

Further study is essential if we are to avoid ineffective Federal spending for these purposes.

Therefore, I shall resign the Presidency effective at noon tomorrow.