10/05/1976
https://www.presidency.ucsb.edu...
"Although the poor and the deprived suffer most from inflation, we wanted to be very careful not to slash those programs that deal with the more unfortunate in our society."
"This will be the first balanced budget that our Nation has had in 12 years."
"This law assures the ability of a strong and independent Federal Reserve to manage the Nation's monetary affairs by encouraging bank membership in the Federal Reserve System."
"It's important for the credibility of our entire anti-inflation effort for the budget to be balanced."