Aside from "cutting waste," DeMint's one big idea for saving money is to repeal the Affordable Care Act. And what does he attack the Affordable Care act for? Cutting Medicare! So he's essentially conceding that his "deficit-reducing" plan involves increasing the deficit.
Sprung distills DeMint:
It's simple: old Democratic programs good. New Democratic programs bad. Current Democratic initiatives socialism. Prior Democratic initiatives sacred.
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