l****z
发帖数: 29846 | 1 Even after months of Sturm und Drang about the danger of the U.S. defaulting
on its debt, a majority of Americans -- and an overwhelming majority of
independents -- disapproves of the agreement to raise the federal debt
ceiling and make major cuts in government spending set to be signed into law
, according to a new, one-day CNN/ORC International poll released Tuesday.
Just 44 percent of Americans approve of the agreement between Democrats and
Republicans to "raise the federal government's debt ceiling through the year
2013 and make major cuts in government spending over the next few years,"
while 52 percent disapprove.
Republicans and independents are driving this disapproval. Democrats approve
of the agreement, 63 percent to 32 percent. But only 35 percent of
Republicans and independents approve of the agreement. More than three-in-
five independents disapprove.
Specific elements of the agreement are more popular than the agreement
overall, however, suggesting the tumultuous and often times messy process
had a negative impact on Americans and their perception of Washington. One
measure of that: the percentage of Americans who approve of the way Congress
is handling its job has shrunk to an abysmal 14 percent, easily the lowest
measure in five years of CNN polling.
Asked specifically about raising the debt ceiling, Americans are more mixed,
with 48 percent approving and 51 percent disapproving. But here too,
independents are squarely against raising the debt limit, 37 percent to 61
percent.
A strong majority supports cutting about a trillion dollars in spending over
the next ten years, with provisions to cut more in the future. Democrats (
68 percent), Republicans (72 percent) and independents (60 percent) all
approve of the spending cuts.
But Americans disapprove of the lack of tax increases on businesses and
higher-income Americans in the final agreement. Just 40 percent approve of
the fact that the agreement does not contain tax increases. A majority, 60
percent, disapprove of the final package not containing those increases.
Americans think congressional Republicans are more responsible for the final
agreement: 43 percent, versus 34 percent who say President Obama and
congressional Democrats are more responsible. But considering the agreement'
s lack of popularity at this early juncture, that may be to the GOP's
detriment.
Just 30 percent of Americans approve of how Republican leaders in Congress
have handled the debt negotiations, while more than two-thirds of Americans
disapprove. Americans are more split on Obama, with 46 percent approving of
his handling of the negotiations, and 53 percent disapproving.
The CNN/ORC International poll was conducted on Monday, surveying 860 adults
. The margin of error is +/- 3.3 percent. | I***e
发帖数: 1136 | 2 Majority doesn't understand the cost of a government default, because most
of the "PEOPLE" are illiterate in financial matters. Consider this: just a
simple downgrade by the rating agencies from AAA to AA will cost the US more
than 100 billion / year in borrowing costs. If US defaults now, I'd say the
borrowing cost will shoot up at least 3-400 billion per year. That's 4
trillion dollars of additional deficit in the next 10 years. Plus, US will
lose the default reserve currency status, that effect can only be felt in
decades.
Majority doesn't have to bear responsibility of the consequence of whatever
they desire or support.
Listening to majority's views sometimes can lead to stupid policy. That's
why there is a system, and the elite can get elected and make their best
efforts to direct policy in the right way. | k***n
发帖数: 3158 | 3 if you dont borrow, there would be no borrowing cost
more
the
whatever
【在 I***e 的大作中提到】
: Majority doesn't understand the cost of a government default, because most
: of the "PEOPLE" are illiterate in financial matters. Consider this: just a
: simple downgrade by the rating agencies from AAA to AA will cost the US more
: than 100 billion / year in borrowing costs. If US defaults now, I'd say the
: borrowing cost will shoot up at least 3-400 billion per year. That's 4
: trillion dollars of additional deficit in the next 10 years. Plus, US will
: lose the default reserve currency status, that effect can only be felt in
: decades.
: Majority doesn't have to bear responsibility of the consequence of whatever
: they desire or support.
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