Who's Helped and Who's Harmed By Debt Deal? | The Nation

Who's Helped and Who's Harmed By Debt Deal? | The Nation

In short, it’s a rout of the lower and middle classes by the wealthiest Americans. Since the deal relies entirely on spending cuts with no revenues—don’t believe the White House spin that revenues are possible, because that would require Republicans to suddenly desire them—the wealthy escape any sacrifice since very few of them rely on the government services that will be cut.