page_title: Gerald Ford
section_title: Budget
hierarchical_section_title: Gerald Ford / Presidency (1974–1977) / Domestic policy / Budget
caption_attribution_description: English: Photograph of President Gerald R. Ford and his golden retriever, Liberty, in the Oval Office. Français&#160;: Gerald Ford dans le bureau ovale de la Maison Blanche et son chien Liberty en 1974.
context_page_description: Gerald Rudolph Ford Jr. was an American politician who served as the 38th president of the United States from August 1974 to January 1977. Before his accession to the presidency, Ford served as the 40th vice president of the United States from December 1973 to August 1974. Ford is the only person to have served as both vice president and president without being elected to either office by the Electoral College.
  Born in Omaha, Nebraska, and raised in Grand Rapids, Michigan, Ford attended the University of Michigan and Yale Law School. After the attack on Pearl Harbor, he enlisted in the U.S. Naval Reserve, serving from 1942 to 1946; he left as a lieutenant commander. Ford began his political career in 1949 as the U.S. representative from Michigan's 5th congressional district. He served in this capacity for 25 years, the final nine of them as the House Minority Leader. In December 1973, two months after the resignation of Spiro Agnew, Ford became the first person appointed to the vice presidency under the terms of the 25th Amendment by President Richard Nixon. After the subsequent resignation of President Nixon in August 1974, Ford immediately assumed the presidency.
context_section_description: The federal budget ran a deficit every year Ford was President. Despite his reservations about how the program ultimately would be funded in an era of tight public budgeting, Ford signed the Education for All Handicapped Children Act of 1975, which established special education throughout the United States. Ford expressed "strong support for full educational opportunities for our handicapped children" according to the official White House press release for the bill signing.
  The economic focus began to change as the country sank into the worst recession since the Great Depression four decades earlier. The focus of the Ford administration turned to stopping the rise in unemployment, which reached nine percent in May 1975. In January 1975, Ford proposed a 1-year tax reduction of $16 billion to stimulate economic growth, along with spending cuts to avoid inflation. Ford was criticized greatly for quickly switching from advocating a tax increase to a tax reduction. In Congress, the proposed amount of the tax reduction increased to $22.8 billion in tax cuts and lacked spending cuts. In March 1975, Congress passed, and Ford signed into law, these income tax rebates as part of the Tax Reduction Act of 1975. This resulted in a federal deficit of around $53 billion for the 1975 fiscal year and $73.7 billion for 1976.
  When New York City faced bankruptcy in 1975, Mayor Abraham Beame was unsuccessful in obtaining Ford's support for a federal bailout. The incident prompted the New York Daily News' famous headline "Ford to City: Drop Dead", referring to a speech in which "Ford declared flatly ... that he would veto any bill calling for 'a federal bail-out of New York City'".
caption: Ford and his golden retriever, Liberty, in the Oval Office, 1974
exif: {"Image Orientation": "Horizontal (normal)", "Image XResolution": "600", "Image YResolution": "600", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "Adobe Photoshop CS Windows", "Image DateTime": "2006:08:07 20:14:27", "Image ExifOffset": "164", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "72", "Thumbnail YResolution": "72", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "302", "Thumbnail JPEGInterchangeFormatLength": "6142", "EXIF ColorSpace": "Uncalibrated", "EXIF ExifImageWidth": "3746", "EXIF ExifImageLength": "5906"}