Annie
Diamond Member
- Nov 22, 2003
- 50,848
- 4,827
- 1,790
Not too realistic, especially where the most want cuts, but telling:
Public strongly opposes debt ceiling increase: Reuters/Ipsos | Reuters
Public strongly opposes debt ceiling increase: Reuters/Ipsos | Reuters
Public strongly opposes debt ceiling increase: Reuters/Ipsos
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By Andy Sullivan
WASHINGTON | Wed Jan 12, 2011 7:23am EST
WASHINGTON (Reuters) - The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday.
Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase
The poll underscores the tough task ahead for U.S. lawmakers as the debt nears its current ceiling of $14.3 trillion. Treasury Secretary Timothy Geithner last week warned that a failure to raise the borrowing limit in the coming months could lead to "catastrophic economic consequences".
Republicans, who won control of the House of Representatives in November on a promise to scale back government, hope to pair any debt-ceiling hike with a commitment from President Barack Obama to reduce long-term spending...