Richard Nixon: “We are never going to promise something we cannot produce.”

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.

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

We will see you again.

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…