Richard Nixon: “It can mean the everyday success of the average businessman whether he owns his own retail or service enterprise or…”

Two weeks ago, I vowed to the American people that any appropriations bill substantially above my budget for fiscal year 1975 would be vetoed.

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

And as I leave, let me say, that is an example I think all of us should remember.

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.