Sunday, May 15, 2011

Fwd: Americans Have Hit The Ceiling Over Debt

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.'

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