Truth be told, our budget is set until September so we are not going into default today and, in fact, we won’t in August either. In a recent CNN Research poll of 1,034 participants in which 964 were interviewed, the results indicate that Republicans should NOT raise the debt ceiling. April29-May1. There are strong indications that people see the Republicans as responsible for the increasing debt although that is not true. In addition, the polls indicate that Independents want the line drawn and do not want the ceiling raised even though they see it as affecting them personally in a significant way.Apparently the President has not convinced anyone that not raising it cannot be an option because of the dire consequences. Geithner has said that not raising the debt limit will lead to a double-dip recession.
When asked if Obama or Republicans in Congress will better handle the cutting of programs and still maintain Federal programs, respondents favored Obama -50% to42%. They preferred Obama’s approach to medicare 49% to 40%. When asked about raising the debt ceiling, 60% opposed and 37% favored despite the results. They were asked if it would cause problems and 41% believed major problems would result, 33% minor and 17% crisis, 7% no problems and 2% no problems at all. Only 25% believed it would greatly affect them personally and 38% said it would affect them some. 60% do not believe Republicans have acted responsibly and 49% do not believe Obama has acted responsibly. Results here: CNN Poll Questions
Gallup released similar results. May 5-8
Results here: Gallup Poll
Additional polls bear the same results-
INVESTORS DAILY POLL
Memo to the White House and Congress — a new IBD/TIPP Poll says the vast majority of Americans want you to be fiscally responsible. The depth of feeling is so great, in fact, that your jobs may depend on it.
As a debate heats up over whether to raise the federal debt ceiling to $14.3 trillion, Americans have already made up their minds: Don’t even think about it.
In a survey of 915 adults taken from Jan. 30 to Feb. 5, the IBD/TIPP Poll shows an overwhelming 70% agree that “Congress should not increase the debt limit.”
THE HILL POLL
Only 27 percent of likely voters favor raising the nation’s $14.3 trillion debt ceiling, while 62 percent oppose it, according to an exclusive poll for The Hill.
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.