The media is trying too sweep this under the rug.
The House Speaker never mentions people on Social Security. He is only interested in big business and letting the rich get richer and the poor getting poorer. He says a tax increase would destroy jobs. Well ,them not paying taxes hasn't created new jobs,so whats the point?
I 've read that the government takes in 220 billion dollars each month so what they do with that money if there is no debt ceiling agreement is beyond me.
The President doesn't want to have to deal with the same problems six months from now so it sounds like he doesn't care if there is a default.
And yes there would be job loss with or without an agreement.