Poll: Most Oppose Debt Limit Rise

May 5th, 2011 at 11:23 am | 6 Comments |

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CNN reports:

Americans are increasingly taking President Barack Obama’s side in the battle over the federal budget, according to a new national poll.

Full results (pdf)

But the CNN/Opinion Research Corporation survey also indicates that fewer than four in 10 agree with the president when it comes to raising the nation’s debt ceiling. The poll’s Thursday morning release comes just a few hours before Republican and Democratic congressional leaders join Vice President Joe Biden for a bipartisan meeting on the budget.

Half of the people questioned in the poll say they prefer Obama’s approach to the budget over the proposals from congressional Republicans, with 42% saying they prefer the GOP approach.

“That’s a switch from March, a when a plurality favored the Republicans,” says CNN Polling Director Keating Holland. “The numbers are virtually the same on Medicare, with 49% saying they prefer the president’s approach compared to four in 10 who favor the GOP proposals on Medicare.”

House Republicans say that their budget, put together by Rep. Paul Ryan of Wisconsin, the Budget Committee chairman, will save Medicare and keep it secure for future retirees. Democrats say the opposite is true, that the GOP plan will end the entitlement program in its current form and force seniors to pay much more for their health care coverage.

The House passed the Republican plan last month, but it faces serious opposition in the Democratically controlled Senate.

The poll indicates that 60% of the public opposes raising the debt ceiling.

“One reason may be that while many Americans predict major problems if the debt ceiling were not increased, only one in six think it would create a crisis in the U.S.  And only a quarter think that the debt ceiling affects their personal financial situation a great deal,” says Holland.

But according to the survey, the president has one advantage: Roughly half say that he has acted responsibly in discussions with the GOP on the debt ceiling, compared to only a third who think that the Republicans in Congress have acted responsibly on this issue.

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6 Comments so far ↓

  • valkayec

    Most Americans, I venture to say, are economically illiterate when it comes to national finances. The majority of Americans (and members of congress) didn’t want to pass TARP either, until the Dow lost several hundred points in just a couple of hours after the failure to pass it the first time.

    On the subject of the debt ceiling, congress should do what is right and correct for the fiscal health of the country and NOT listen to polls.

  • drcme

    If most Americans think that the debt ceiling should not be raised, then most Americans are just plain ignorant.

  • talkradiosucks.com

    This is the same country filled with people who think that they can eat what they want, never exercise, then take a pill and magically lose weight.

  • jamesj

    This just in: Most don’t understand debt limit issue, erroneously think it is similar to their family finances

  • pnumi2

    Most Americans are opposed to raising the debt ceiling because they think we can’t afford the new insulation, ducting and drywall we would need.

  • busboy33

    How was the question phrased? “Do you favor rising the debt ceiling so fat cat Washingtonians can wastefully spend more of your tax dollars” or “Do you favor the nation defaulting on its debt, trashing its credit rating, forcing the value of T-bills to get savaged, which most likely will devastate the holding fund for your pension”?

    Something tells me the latter version was not used.