Opting to gut the social safety net to prevent a default is a choice to protect the upper and middle classes--the wealthy and the employed--and the and screw not just the poor, but retirees and the large segment of the population those who are working jobs that do not pay enough to allow meaningful retirement savings or adequate health care. Adam Levitin
The other half of the trade is the American middle class who make the 4T promise that Obama wants. That middle class promise is a guarantee that when things blow up, the federal government will extract the cost from them. Who is going to manage the 4T promise? Geithner when he takes his private sector job with GS. The Middle Class is not the insurance agency for GS government debt traders.
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