Thursday, July 14, 2011

U.S. Debt Ceiling Increase Remains Unpopular With Americans

U.S. Debt Ceiling Increase Remains Unpopular With AmericansMore are concerned about higher level of spending than risk of economic crisisby Lydia SaadPRINCETON, NJ -- Despite agreement among leaders of both sides of the political aisle in Washington that raising the U.S. debt ceiling is necessary, more Americans want their member of Congress to vote against such a bill than for it, 42% vs. 22%, while one-third are unsure. This 20-percentage-point edge in opposition to raising the debt ceiling in Gallup's July 7-10 poll is slightly less than the 28-point lead (47% vs. 19%) seen in May.


(Go to linked article for charts)
This measure reflects public opinion about raising the debt ceiling in the abstract. The question wording did not mention the rationales for or against raising the debt ceiling, nor did it explain that any such move would ultimately be a part of a broader budget bill involving spending cuts and perhaps tax increases.

Republicans are far more unified in their opposition to raising the debt ceiling (60% opposed, 11% in favor) than Democrats are in their support of it (39% in favor, 21% opposed). Independents tilt heavily against raising the debt ceiling, 46% to 18%, although 36% have no opinion.

(Go to linked Gallup article for charts)
Since May, Republicans' opposition to raising the debt ceiling has declined slightly, from 70% to 60% -- perhaps owing to some major business groups' recent lobbying for passage -- while independents' and Democrats' views have not changed.

Public's Fear of Runaway Spending Evident

President Barack Obama has emphasized that not raising the debt ceiling would force the U.S. to default on its debt payment obligations, leading to economic catastrophe, while Republicans have made their support for raising it contingent on a budget agreement that sharply limits future spending.

A follow-up question finds Americans more sympathetic to the Republicans' argument than Obama's. Specifically, when asked to say which is their greater concern, 51% say raising the debt ceiling without plans for major future spending cuts concerns them more, while 32% are more concerned with the risk of a major economic crisis if Congress does not take action.

(Go to linked Gallup article for charts)
Apart from the political arguments, Obama and the Republican leaders in Congress are about tied, 43% to 46%, in terms of whom the public trusts more to handle the federal budget deficit and debt ceiling issues. The partisan responses to this question are highly typical, with most Republicans and Democrats favoring their own side and independents about evenly split.

(Go to linked Gallup article for charts)
Bottom Line

Despite intense lobbying of Congress by President Obama, Treasury Secretary Timothy Geithner, and others in the administration about the economic urgency for raising the nation's debt limit, fewer than one in four Americans favor the general idea of raising it. Also, Americans are significantly more concerned about the budgetary risk of giving the government a new license to spend than they are about the potential economic consequences that would result from not raising the debt limit. Both of these findings put Americans more on congressional Republicans' side of the debate than Obama's -- at least in terms of political leverage as the two sides negotiate a deal. Nevertheless, Americans place Obama and the Republicans in Congress at parity in their preferences for whom they trust more to handle the federal budget deficit and debt ceiling, similar to the close division in U.S. partisanship, more generally.

http://www.gallup.com/poll/148454/Debt-Ceiling-Increase-Remains-Unpopular-Americans.aspx

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