Richard Nixon: “Ladies and gentlemen, it is in that spirit that I know that all of you proudly will raise your glasses to the…”

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.

Mistakes, yes. But for personal gain, never.

I have done my very best in all the days since to be true to that pledge.

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