Detailed text transcripts for TV channel - MSNBC - 20110519:00:39:00
His re-election campaign, the republican party was wide open to the new ideas driven by thinkers like jude winniski, and so the idea of starve the beast took hold. the beast, of course, being government, starving it meaning cutting its revenue by cutting taxes. here's how alan greenspan, who had worked for president ford, described the purpose of tax cuts in a senate finance committee hearing in 1978. let us remember that the basic purpose of any tax cut program in today's environment is to reduce the momentum of expenditure growth by restraining the amount of revenues available and trust that...
Source: news source