The Medicare and Social Security Trustee reports warn that both entitlement programs will go broke much sooner than expected. Meanwhile, the Congressional Budget Office reported that — oops! — its baseline forecast of $5.6 trillion surplus for 2002 to 2011 was off a tad — $11.8 trillion to be exact.'
'Asked to what extent they support or oppose legislation raising the debt ceiling, 40% of 917 adults surveyed May 1 to 6 were strongly against increasing the debt limit, while another 23% opposed it somewhat. Only 18% said they "support somewhat" raising the ceiling, while just 10% strongly support doing so.
Even "if Congress promises not to increase federal government spending as a precondition," anti-debt increase fervor remained. Some 51% were still opposed to raising the debt ceiling — including 30% strongly opposed. Only 40% supporting raising the limit, including just 13% strongly in support.'
http://www.investors.com/NewsAndAnalysis/Article/572237/201105131859/Public-Reaches-Its-Own-Limit.htm
Sunday, May 15, 2011
Fwd: Americans Have Hit The Ceiling Over Debt
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