Public opinion on debt ceiling and government spending

While the economic future of the United States seems grim, the encouraging news is that large swaths of Americans are starting to understand the reality of the situation and what must be done to place our economic house in order. This is my conclusion after viewing a new video by Bankrupting America.

The two-minute video gathers public opinion from a number of recent sources such as Gallup and CNN. And while the news is gloomy, the bright spot is that according to these public opinion polls, I believe Americans are starting to understand.

For example, 78 percent of Americans think the country is on the wrong track. That’s bad news. The good news is that 73 percent believe spending is to blame for the federal deficit, while only 22 percent believe insufficient tax revenue is to blame.

In another measure of public opinion, only 13 percent believe the debt ceiling should be raised without conditions.

This is progress. It’s the good news we can pluck from all the bad news, because we need people to understand the gravity of the situation before we can expect them to take appropriate action.

The video is available by clicking on Public Pulse: What Do Americans Really Think about the Debt Ceiling and Government Spending?

Separately, Bankrupting America has completed all three volumes of its Budget Briefing Book. Theses books — pamphlets, really — are short and provide much information about the federal budget and government finances.

2 Comments

  • I blame the Supreme Court for over stepping their bounds in the 2000 election. They chose the President over the American people and things have went down hill from that day on. I don’t know if we will ever recover from that. And even now they use their own opinions rather than go by the Constitution.

  • First of all Americans do not read enough and react. 90% of all American wealth is held by 1% of the population. Institutions oil companies, Walmart, and other companies are wiping out Middle Class. Books have been written about it. To all of you the multitudes!!! Pay attention The Tea Party is for the Rich, Rich Only. Bush passed the 10 year tax law for the Rich they pay less than us. Bush twice Ruined the banking situation. First in the 80’s head of Banking and Loan, Second with his new Laws. Clinton settled the budget with Balanced Budget amendment. We are now suffering for years because of those Banking laws. Housing runs the World. Nothing will be fixed until Housing comes back.1 in 7 in Foreclosure Worst since Great Depression get angry at the souce not the present. Look it up. Read Economics, Wall street! Don’t vote because someday you hope to be rich! Or present. 10 year Laws effect us. Vote against Lobbyists. Taxes in benefit of the rich, Oil Companies. Please Research. And at current raising costs, inflation, health insurance, rates,,,You will never get there.

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