Inquiring minds are reading a Reuters/Ipsos poll released on Wednesday that the U.S. public overwhelmingly opposes raising the debt limit…even though failure to do so could hurt America’s international standing and push up borrowing costs:
Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase
The poll underscores the tough task ahead for U.S. lawmakers as the debt nears its current ceiling of $14.3 trillion. Treasury Secretary Timothy Geithner last week warned that a failure to raise the borrowing limit in the coming months could lead to “catastrophic economic consequences”.
The numbers, to say the least, are a bit bizarre and rather illogical. In fact, if these numbers are true, then the Republic is on life support:
Only 24 percent say the country can afford to cut back on education spending, a likely Republican target, and 21 percent support cuts to law enforcement.
With the Pentagon fighting wars in Afghanistan and Iraq, 51 percent supported cutbacks to military spending.
Less than half, 45 percent, support an expected Republican effort to pare environmental enforcement.
Reuters is saying that people are wanting to cut defense in the middle of a war but don’t think we can afford to cut a bloated, unionized education system and an environmental ecosystem which has been found repeatedly to be rife with fraud and deceit?
It would seem the liberal/socialist/progressive movement succeeded in calcifying the little kiddie’s skulls full of mush through the last several decades.
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