Friday, August 5, 2011

Americans Overwhelmingly Opposed To Spiraling Debt Black Hole

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Debt Deal

New polls from both Gallup and Rasmussen conclusively indicate that a majority of Americans on both sides of the political spectrum are steadfastly opposed to the actions taken by Congressional leaders this week in agreeing to raise the debt ceiling limit.

In the Rasmussen survey, just 22% of likely voters say they approve of the debt ceiling agreement, while a majority of 53% disapprove.

The same poll found that most voters, 58%, do not believe the deal will do anything to ensure a significant decrease in federal spending over the next few years. Just 35% of voters believe that meaningful deficit reduction will occur.

“During the debt ceiling debacle, voters listened to members of Congress like they were the boy who cried wolf,” says Scott Rasmussen, president of Rasmussen Reports,. “While official Washington obsessed over the minute-by-minute silliness, voters expected all along that the debt ceiling would be raised without making significant spending cuts.”

In a similar Gallup poll out today, Americans disapproved of the legislation, 46% to 39%.

The survey indicated that a plurality of Americans believe the deal will make the U.S. economy worse. Gallup asked: “What effect do you think the agreement will have on the U.S. economy–will it make the economy better, not have much effect, or will it make the economy worse?”

41% of Americans said it would make the economy worse, with just 17% percent believing it would make the economy better. 33% said it would have no effect.

Among Republicans, a huge majority of 64% to 26% said they disapproved of the debt deal in the Gallup Poll, with a margin of 4-to-1 against in the Rasmussen survey.

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