President Nixon proclaimed his concern and welfare for the American people and cut spending in an area that was desperately needed.
Nixon: “No matter how popular a spending program is, if I determine that it’s enactment will have the effect of raising your prices or raising your taxes, I will not approve that program. Now for these reasons, for the first time tonight instead of signing a bill which has been sent to me by the Congress, I am signing this veto message.”
Right after the non-signing, NET (pre-PBS) hosted a discussion of the bill, its veto and the implications hosted by Mitchell Krause. It was generally conceded that Nixon, as usual was not in touch with millions of Americans hanging by a thread and that social programs were not his strong suit.
Seems to be a recurring theme.