- Sep 2, 2008
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I've been seeing the Gallup poll where the majority of Americans don't want to raise the debt ceiling by many of those in the "don't raise the ceiling" crowd. However, there are two other polls that I feel that should also be seen.
Gallup: Majority Of Americans Still Oppose Raising Debt Ceiling : It's All Politics : NPR
On Deficit, Americans Prefer Spending Cuts; Open to Tax Hikes
And from the most interesting poll of all from March:
WSJ/NBC News Poll Finds Support Lacking for Entitlement Reductions - WSJ.com
Conclusions:
1.) The majority of Americans currently do not want to raise the debt ceiling.
2.) The majority of Americans are open to tax hikes.
3.) The majority of Americans want large spending cuts.
4.) The majority of Americans, including across all age groups and ideologies by large margins do not want significant cuts to entitlement programs.
So tell me USMB, if we listen to America, how are we going to dig ourselves out of this hole?
Gallup: Majority Of Americans Still Oppose Raising Debt Ceiling : It's All Politics : NPR
It may say more about the state of economic education in the nation than anything else but a majority of Americans remain opposed raising the federal debt ceiling according to a new Gallup poll.
And that's despite dire warnings by policymakers and experts that a default by the U.S. government could be calamitous. It would likely cause higher interest rates not just for the federal government but throughout the economy.
That, by the way, would make the nation's deficits and debt troubles even worse and hamstring an already slowly growing economy. Then there are all the unknown consequences. Who wants to take a chance on that?
Apparently, a lot of Americans are in a gambling mood.
According to a Gallup survey done in the last several days, 42 percent of Americans want their member of Congress to vote against raising the debt ceiling versus 22 percent who would prefer their lawmakers to vote for an increase.
On Deficit, Americans Prefer Spending Cuts; Open to Tax Hikes
And from the most interesting poll of all from March:
WSJ/NBC News Poll Finds Support Lacking for Entitlement Reductions - WSJ.com
In the poll, Americans across all age groups and ideologies said by large margins that it was "unacceptable'' to make significant cuts in entitlement programs in order to reduce the federal deficit. Even tea party supporters, by a nearly 2-to-1 margin, declared significant cuts to Social Security "unacceptable."
Conclusions:
1.) The majority of Americans currently do not want to raise the debt ceiling.
2.) The majority of Americans are open to tax hikes.
3.) The majority of Americans want large spending cuts.
4.) The majority of Americans, including across all age groups and ideologies by large margins do not want significant cuts to entitlement programs.
So tell me USMB, if we listen to America, how are we going to dig ourselves out of this hole?