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7340257
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Remarks of the President upon Vetoing H.R. 5901, Education Appropriation Act, 1976 [Ford Speech or Statement]
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document
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7340257
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document
title
Remarks of the President upon Vetoing H.R. 5901, Education Appropriation Act, 1976 [Ford Speech or Statement]
citationUrl
collections
White House Press Releases (Ford Administration)
Press Releases
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U.S. House of Representatives. (03/04/1789 - )
Legislation
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7340257
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25
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1975-07-25
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7
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1975
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nara-archive
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1
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ac6d179ba2d698ec
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Digitized from Box 13 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIATE RELEASE
JULY 25, 1975
OFFICE OF THE WHITE HOUSE PRESS SECRETARY
THE WHITE HOUSE
REMARKS OF THE PRESIDENT
UPON VETOING
H.R. 5901
EDUCATION APPROPRIATION ACT, 1976
THE CABINET ROOM
1:55 P.M. EDT
I am today returning without my approval
H.R. 5901, the Education Appropriation Act, 1976.
Throughout my public life, I have believed --
and still believe -- that education is one of the strong
foundation stones of our Republic. But that is not the
issue in this appropriation bill.
The real issue is whether we are going to impose
fiscal discipline on ourselves or whether we are going
to spend ourselves into fiscal insolvency. This is the
first regular appropriation bill passed by the Congress
this year. It would provide $7.9 billion -- $1.5 billion
over the budget which was submitted in January.
Earlier this year, I drew a line on the budget
deficit for fiscal year 1976 at $60 billion. Even that
deficit is far too high. But on May 14, the Congress
drew its own line at the even higher deficit level of
$69 billion. Today, the Congress' own July 21 budget
scorekeeping report estimates a possible deficit this
year of over $83 billion.
I cannot, in good conscience, support such a
huge deficit of that magnitude. Nor can the people of
this country afford the inflation that would inevitably
result, this year, next year and the year after. Money
appropriated by the Congress inevitably is taken from
the people -- either through higher taxes, or by inflation,
or both.
This appropriation bill is too much to ask the
American people -- and our economy -- to bear. I urge
the Members of the House and the Senate to sustain my
veto of this bill and then we can work together -- as we
have before -- to achieve a responsible compromise.
END
(AT 1:59 P.M. EDT)