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Public strongly opposes debt level increase: Reuters/Ipsos poll

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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:43 PM
Original message
Public strongly opposes debt level increase: Reuters/Ipsos poll
Source: Reuters

(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."

Brian Riedl, the lead budget analyst at the conservative Heritage Foundation, said the poll findings put "a lot more pressure on those who want to raise the debt limit to make a convincing argument to a very skeptical public."



Read more: http://www.reuters.com/article/idUSTRE70B52I20110112
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:44 PM
Response to Original message
1. They have no clue what it means. None. Nada.
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Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:10 PM
Response to Reply #1
18. Not one fucking clue indeed. nt
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Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:10 PM
Response to Reply #1
19. Not one fucking clue indeed. nt
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Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:10 PM
Response to Reply #1
20. Not one fucking clue indeed. nt
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RKP5637 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:11 PM
Response to Reply #1
21. So true, they think the gov. operates similar to their personal checking account. Ignorance
is overwhelming in the US and bliss for those that want to control the masses.

One of the greatest problems I see in the US is when one doesn't know something they don't even bother to research anything. Many grab the nearest RW talking points as the gospel truth. It's disgusting and dangerous for the future of the US. Very sad.

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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:49 PM
Response to Original message
2. doesn't everybody like it when there credit lines are raised?
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humbled_opinion Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 10:54 PM
Response to Reply #2
14. LOL
You mean your maxed out credit card.... and the answer is no the irresponsible children should have their credit card removed until they show restraint.... Whaddya want the country to collapse or somethin?
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glinda Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:50 PM
Response to Original message
3. Yes. I would like to see a title correction such as "Public doesn't understand what
a debt limit is and what consequences that has for the Nation". Do you think anyone will ever actually ask the right questions?
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mvd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 10:48 PM
Response to Reply #3
13. The media doesn't often dig that deep
And that adds to why so many voters are so uneducated as to what is really going on. They just think debt=bad. But they also aren't told in the question that the country running properly depends on it.
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glinda Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-11 11:30 AM
Response to Reply #13
33. Way beyond time to have a public way to educate people. Then they wouldn't be
making such stupid decisions.
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hay rick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:00 PM
Response to Reply #3
16. And correction number two-
The public doesn't really CARE about the debt limit. Virtually all those people who say they oppose raising the debt limit in the poll will YAWN if, in fact, the debt limit is raised.
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rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:51 PM
Response to Original message
4. Maybe if they were asked:
1) Do you want the US to default on its debt and cause the most massive economic collapse ever?

OR

2) Should the US immediately slash Social Security, Medicare and education funds so they do not default on their debt?

OR

3) Should the US raise its debt limit?

Maybe the results would be different.
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emulatorloo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:54 PM
Response to Reply #4
5. And somebody definitely needs to be asking the question that way.
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Dokkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:49 PM
Response to Reply #4
24. How about the US
cut their bloated military budget instead of defaulting? and if the military budget is not enough, cut other spending. If i remeber correctly, Obama voted against raising the dept limit during the run in the US senate. I think am with senator Obama on this.

What good is a dept limit if we just keep raising it every time we ran up our credit limit?
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on point Donating Member (613 posts) Send PM | Profile | Ignore Thu Jan-13-11 12:02 AM
Response to Reply #4
27. Need another option: OR Increase tax rates on rich?
We should consider restoring the tax rates to the 50, 60, 70 or even 90% rates on the rich that we used to have after world war iI.

The rich weren't happy with the Clinton rates which provided a tax surplus and was in the process of paying DOWN the national debt to the point of elimination. Instead they wanted it even lower and ran up the debt, and then didn't pay for an unneeded war on top of that.

I think they blew it. We should restore VERY high tax rates on the wealthy until we pay down THEIR debt. Let's go back to Eisenhower 90%, or Kennedy 70% until the debt is paid down and we go down again to Clinton 45%.
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robcon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-11 10:55 AM
Response to Reply #4
31. Wrong questions
1) Do you want the US to default on its debt and cause the most massive economic collapse ever?

OR

2) Should the US immediately slash military spending so they do not default on their debt?

OR

3) Should the US raise its debt limit?

I think #2 is the best course.
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-11 11:14 AM
Response to Reply #4
32. How about one question be cut Defense Spending by 25%
Or better yet by fifty percent and still be spending more than we did under Clinton, and most of the rest of the world combined.
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jmowreader Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 03:55 AM
Response to Reply #4
34. I'm afraid the majority would pick B
Especially if they run one of those polls that only calls landlines. Which means the only people who are going to pick the phone up are teabaggers who would like to help skew the poll.
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bullwinkle428 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:55 PM
Response to Original message
6. A sad commentary on our poor educational priorities.
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Unvanguard Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 09:56 PM
Response to Original message
7. A good reason not to govern by poll.
:shrug:
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Dokkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:52 PM
Response to Reply #7
25. Ofc we never govern by polls
if we did, we would have passed a single payer, never passes the TARP and the wars would have ended 6yrs ago. Ignore those ignorant Americans, those fools probably needs their voting privileges revoked.
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Unvanguard Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-11 09:51 AM
Response to Reply #25
29. No, they should keep their voting privileges.
Edited on Thu Jan-13-11 09:52 AM by Unvanguard
That will enable them to throw out any government stupid enough to not raise the debt ceiling and destroy the economy in the process.

That's how representative democracy works. People don't have the detailed, specific knowledge necessary to make it work differently.
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Dokkie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-11 10:37 AM
Response to Reply #29
30. That makes sense
the voting public cannot comprehend the complexities involves with credit and debit of their country but they can vote for political overlords who cannot comprehend the meaning of words. Words so simple as limit. If they cannot find programs (military, farm subsidies, tax breaks to wall street) then I say we let them all default.

What does it say about a country that needs to borrow more money everytime the bill (interest of the humongous debt) is due, if we continue like this, it would just be harder and harder for us to pay it off. Theres a reason why they call it a limit and that reason is for govt to prepare for and not exceed that point. Its time for Obama to govern and make some tough decision instead of taking the easy way out.
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beyurslf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 10:00 PM
Response to Original message
8. NPR did a segment on this last week, and the conservative side said there would
be no way the Republicans would not increase it because leadership knows how damaging it would be. But, he went on to say, that the GOP leadership needed to get this argument under control because he sensed the public was taking the side of those who didn't want to increase the limit and if that notion caught fire, we would all be in big trouble.

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bullwinkle428 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:58 PM
Response to Reply #8
26. The Repukes will vote to raise it along with the Democrats,
then run against it in 2012, just like the Wall Street bailout.
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beyurslf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-11 12:23 AM
Response to Reply #26
28. True. They will vote to raise it, blame the Dems, we will stand around like helpless wimps.
Then we will get blamed for it all. Sounds about right.
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Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 10:10 PM
Response to Original message
9. Most people do not understand finance.
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 10:36 PM
Response to Original message
10. It won't take the public long to change their mind when grandma and
grandpa move in with them because they did not get their social security checks.
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IamK Donating Member (514 posts) Send PM | Profile | Ignore Wed Jan-12-11 10:43 PM
Response to Reply #10
12. It might be a good time to change the locks....
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 10:57 PM
Response to Reply #12
15. LOL I'm one of those grandmas.
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RKP5637 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:06 PM
Response to Reply #10
17. And they can also pay all of their health care costs. I would say the children should
expect to shell out about $5k to $6k per month to take care of grandma and grandpa living expenses plus medical. Plus. My mother had to go into a nursing home and that was $27k per year, so for two, maybe they should figure on about $54k per year plus the other. I think most citizens would sign up for that quickly to keep the debt ceiling flat.


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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 10:37 PM
Response to Original message
11. W doubled the MIC ... which was already 5X what it shoudl be ... cut the MIC .... in fact,
we can save an immediate 28% on MIC by simply merging the services which every

other nation has done.

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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:17 PM
Response to Original message
22. Whaaaaaat? What was the question? Would you like to be kicked in
the head? Answer: No!!!! Poll spin: Americans don't want debt level increased.

That's how I think these polls work.
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neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-11 11:22 PM
Response to Original message
23. See what happens with bumper sticker sound bytes? Bad policy
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