Well, in the sense that the Republican party - or, more to the point, the supply-siders and teabaggers - have the dismantling or the New Deal, and the managed decline of the federal government as an explicit platform of their domestic policy. Since, in their argument, goverment is inherently dysfunctional and harmful, it really doesn't matter *how* they burn it down, so long as the objective is achieved.
However, I'd agree with you to the extent that the only substantial discussion going on right now in Washington is how fast and drastically social spending is to be slashed, since the Democrats have completely abandoned their core principles (namely, that government plays a positive role in the well-being of a society) in favor of the Republican position.