Poll: Americans Support GOP Deficit Plan

[gilliam]

A CNN poll released Thursday shows that nearly two thirds of the American people support the “Cut, Cap, Balance” plan that passed the House of Representatives Tuesday, throwing a monkey wrench into President Barack Obama’s plan for a deal of grand design.

It is still iffy whether or not " Cut, Cap, and Balance" will pass the Senate when and if it comes up for a vote on Saturday, but the momentum has clearly shifted in the debate. Obama, who previously took a very strong position against any temporary deals, has reversed course—even going so far as to suggest he might extend the August 2 deadline for raising the debt limit. [Read the *U.S. News debate: Should Congress raise the debt limit?]

Since reaching the debt limit is supposed to be triggered by spending and borrowing, it is an open question as to how Obama can “extend” the deadline—unless, as it now appears, his administration simply made it up in the first place. What does appear true is that the White House is trying to buy time to save the “deal of grand design” approach, which would include tax increases, amorphous sending cuts, and perhaps even new spending before it is eclipsed by Cut, Cap, and Balance.

usnews.com/opinion/blogs/peter-roff/2011/07/21/poll-americans-support-cut-cap-and-balance

 

[Ridgerunner]

A CNN poll released Thursday shows that nearly two thirds of the American people support the “Cut, Cap, Balance” plan that passed the House of Representatives Tuesday, throwing a monkey wrench into President Barack Obama’s plan for a deal of grand design.

It is still iffy whether or not " Cut, Cap, and Balance" will pass the Senate when and if it comes up for a vote on Saturday, but the momentum has clearly shifted in the debate. Obama, who previously took a very strong position against any temporary deals, has reversed course—even going so far as to suggest he might extend the August 2 deadline for raising the debt limit. [Read the *U.S. News debate: Should Congress raise the debt limit?]

Since reaching the debt limit is supposed to be triggered by spending and borrowing, it is an open question as to how Obama can “extend” the deadline—unless, as it now appears, his administration simply made it up in the first place. What does appear true is that the White House is trying to buy time to save the “deal of grand design” approach, which would include tax increases, amorphous sending cuts, and perhaps even new spending before it is eclipsed by Cut, Cap, and Balance.

usnews.com/opinion/blogs/peter-roff/2011/07/21/poll-americans-support-cut-cap-and-balance

I have wondered just a bit about the degree to which the debt, all by itself, is responsible for the current unending nature of the recession. Yes, there were lots of causes, exacerbated by the mortgage mess, and yes, there are real motivational problems on the part of small businesses. But it’s just a fact that, trade deficit or no, all money has to come back to its country of origin in some manner. It can come back to purchase goods and services. It can come back as investment in productive enterprises, or it can come back to purchase debt. One has to wonder about the degree to which foreigners, e.g., the Chinese would have no alternative to buying American-produced goods and services or investing in capital-intensive enterprises here if they did not have the alternative of simply buying debt and sitting on their cans clipping coupons.

 

[gilliam]

Lack of confidence is causing the unending recession.

The pollin the OP breaks down the responses by age, gender, race, income, education, political affiliation, political views and more. Cut, Cap and Balance receives majority support from every single category –- even people who self-describe as liberals, Democrats and anti-Tea Party.

 

[gilliam]

In other words, a consensus exists across all political lines that the CCB/BBA approach would be a good idea. When one scrolls down to the crosstab sections of the raw data, the consensus becomes very, very clear. The CCB/BBA approach wins majorities in every single demographic — including self-described liberals. Sixty-three percent of Democrats back the House bill. The least supportive age demographic is 50-64YOs at 62/37; the least supportive regional demographic is the Midwest at 61/39. Even those who express opposition to the Tea Party supports it 53/47.

In other words, it’s a clean sweep. Simply put, there is no political demographic at all where the CCB/BBA doesn’t get majority support. The BBA on its own does even better. It gets 3-1 support (74/24), and except for those Tea Party opponents (56%) and self-professed liberals (61/37), doesn’t get below 70% support in any demographic.

Guess what doesn’t get much support? The McConnell plan. Respondents rejected the idea of letting Obama raise the debt ceiling on his own, 34/65. Not one single demographic supports the idea, not even Democrats (40/60) or liberals (34/65).

hotair.com/archives/2011/07/21/oh-my-ccb-bill-gets-2-1-approval-among-adults-in-cnn-poll/

The details of the poll are here:
i2.cdn.turner.com/cnn/2011/images/07/21/rel11b.pdf

Pretty remarkable

 

[bbarrick8383]

If the senate refuses to pass this, or they somehow do and Obama refuses to sign it, he might as well sit out this election. Our goverent has to be controlled.