“And their philosophy is simple1 (see callout 1): We are better off when everybody is left to fend for themselves and play by their own rules2 (see callout 2).”
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The compression announcement
The sentence declares the opposing position simple before restating it, which licenses the one-line replica that follows. An opponent's philosophy summarized by its critic, in one sentence, prefaced by 'simple,' deserves a second look on arrival.
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The rebuilt position
The restatement assigns opponents a philosophy of abandonment, in words none of them use. The opposing budgets of that season proposed restructured and reduced programs and lighter regulation, positions their authors defended as saving those programs. Smaller is restated as none, and fewer rules as each person's own.
What the full record shows
The 'they' of the passage is congressional Republicans and their economic agenda. The main opposing document of that season, the House budget resolution known as the Path to Prosperity, proposed converting Medicare to premium support, block-granting Medicaid, and lowering tax rates while broadening the base, and its authors argued this would preserve the programs. The Congressional Budget Office's neutral description of what the proposal did, linked below, reads nothing like everybody fending for themselves under their own rules. Whether the proposal was good policy is a separate argument from what it proposed, and the sentence swaps the second question for a replica.
Speech at Osawatomie High School, Osawatomie, Kansas, official transcript archived by the American Presidency Project · December 6, 2011 · primary source · archived copy · flag a correction