CNN just released a poll of 1,000 Americans showing overwhelming support for the House Republican approach to the debt limit crisis. Specifically, 66 percent of Americans favor a deal where both houses of Congresses pass a balance budget amendment, and substantial cuts and caps on future spending, in exchange for a debt limit hike.
As a stand alone measure 74 percent of Americans favor a constitutional amendment to require a balanced federal budget. And 60 percent of Americans believe a balanced budget amendment is necessary to get federal deficits under control.
The poll is not all bad news for President Obama. Sixty-six percent of Americans do support a plan to cut four trillion dollars in government spending and raise taxes as part of a debt limit hike.
Thursday, July 21, 2011
I find the extent of support welcome but a bit surprising.
Posted by traderrob at 1:19 PM