Thursday, January 13, 2011

71% of Americans oppose raising the debt ceiling

Via Attaturk at Rising Hegemon, a whopping 71% of the American public opposes raising the debt ceiling.
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."
Some friends just came to town tonight, so I've got to half-ass it again.  I just wonder how the question was worded for this poll.  I understand that most people are going to hear "debt" and think "Debt bad!", but was any information given as to what the horrible results of this policy would be?

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