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Bush was offered two for one. he wanted to cut the deficit by $500 billion. the republicans went to him with clash 490 billion -- $490 billion in spending cuts. the democrats said we can match your 500 billion, but you have to raise taxes. and george h.w. bush raised taxes, the two came in, never got the spending cuts at all, and they hung that around his neck in 1992, and it cost him the election. megyn: how did it happen that your dad agreed to the tax hikes but didn't get the spending cuts? >> yeah. well, how that works out is the fact that the tax hikes went into place first, and the spend...

About the really big items that are within the budget. that is the entitlement spending that you mentioned earlier. simply punted on this issue. >> okay. so, 90 billion in spending cuts. that's all. that's all and i'm saying to myself it should be 490 billion in spending. i'm not a tea party person in the sense that i'm saying federal government has to just wipe out all the entitlements. everybody is on their own and maybe that's oversimplifying the tea party position. it's basically they want drastic, drastic cuts, they being the tea party. i'm in the middle here. but $90 billion in spending ...

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Before we send arms and put our men in harm's way in syria, because it is a syria war. it's hezbollah versus hamas. neither of which are friendly to us. >> again, richard, saying we don't understand the culture, when you look back ten years ago tonight, was we went into this, look at the costs. $1.7 trillion. >> right. >> benefits owed to war veterans, $490 billion. i mean, how can republicans who put this war on a credit card now say we need to tighten our belt and cut programs for the poor and working class? >> that's a great point. you know, the bush administration fired the economic advise...

About the really big items that are within the budget. that is the entitlement spending that you mentioned earlier. simply punted on this issue. >> okay. so, 90 billion in spending cuts. that's all. that's all and i'm saying to myself it should be 490 billion in spending. i'm not a tea party person in the sense that i'm saying federal government has to just wipe out all the entitlements. everybody is on their own and maybe that's oversimplifying the tea party position. it's basically they want drastic, drastic cuts, they being the tea party. i'm in the middle here. but $90 billion in spending ...