Richard Nixon: “H.R. 1 represents a heartening step forward in building up levels of opportunity for our most valued asset---our…”

I am pleased that in this bill the Congress has expressed support for our objectives by authorizing $22.2 billion for military procurement purposes during fiscal year 1975.

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. 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…

We think that when we suffer a defeat that all is ended.