Richard Nixon: “The American Revolution, in other words, is never finished; it must always be renewed, and we are helping to renew it…”

This legislation exceeds my budgetary recommendations by such a large amount--some $540 million--that it presents a clear and distinct threat to our fight against inflation and cannot be accepted.

I have never been a quitter.

I take this occasion once again to urge prompt and final action on the Trade Reform Act.

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