The two-term junior senator from South Carolina made it clear that Republicans must stand up and say there can be no increase to the limit without a huge cut in spending.
His call came as bipartisan talks on raising the debt ceiling led by Vice-President Joe Biden broke down when Republican Rep. Eric Cantor and Sen. Jon Kyl walked out. Now it seems inevitable that the only way they will end in success is if President Barack Obama and House Speaker John Boehner get involved and somehow come to an agreement.
Read more on Newsmax.com: DeMint: Conceding Debt Ceiling Battle Will Destroy GOP
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