Detailed text transcripts for TV channel - MSNBC - 20110428:21:24:00
When it was founded until 1980 was the party of fiscal discipline. if they had to choose whether to raise taxes, bans balance the budget, they did it over and over and over again. >> pay as go. rockefeller. >> dna -- not just rockefeller, every republican going back -- >> jerry ford. >> the whole 20th century and late 19th century. then they got the idea that the religion was tax cuts even if it meant you couldn't close a loophole that gave ethanol subsidies, that's raising taxes in their book. >> that's the reagan belief system. >> they started to believe that and i think moderates that go yo...
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