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Because deficit reduction, with the exception of a few esoteric groups -- most of them inside Washington -- is not a desirable goal unto itself, it is a goal in service of a bigger goal, which is economic growth, stability for the middle class, more and better job creation.
WHITEHOUSE: Press Briefing
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But why not, for the sake of the middle class, for the sake of economic stability, for the sake of dealing with a large portion of the fiscal cliff, pass the tax cut for 98 percent of the American people today?
WHITEHOUSE: Press Briefing
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Tripti Singh, one of the students who enrolled in the class, said she chose finance for the job stability.
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Throughout modern history the middle class has been a vehicle for stability and growth.
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Lest we forget, until the great crash of 2007-8, it was widely believed that the Bank of England's performance had been world class: inflation was in check, providing the necessary price stability for businesses, households and government to make rational investment and spending decisions.
BBC: Can the Bank of England hit any target?
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His positional switch may have worked but the former England captain and coach feels stability is important if the current Lions squad wants to be as successful as the Class of '74.
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As for the economy, as Time magazine's Joe Klein pointed out on the Scarborough show, the middle class is feeling more secure about employment stability, home ownership and 401(k) trends.
CNN: What's behind Mitt's meltdown
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In his inaugural policy speech in January, the chief executive said the inability of the middle class to buy homes posed a threat to social stability and promised to make it a priority to tackle the housing shortage.
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In the fable of Americanism, the middle class is our great source of economic, social, and political stability.
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