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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
Republicans, who won control of the House of Representatives in November on a promise to scale back government, hope to pair any debt-ceiling hike with a commitment from President Barack Obama to reduce long-term spending.
No hike, start cutting, hacking away.
Of course, because of the mess made by obama and the dems, where the debt has risen from $8.5 Trillion to $14 Trillion in 4 short years, the GOP might have to make some compromises.
I wonder how many American seniors would understand if their SS checks are scaled back to the cash on hand or accept being told by Medicare that we only funded 500,000 of that procedure this fiscal year and have already paid for those 500,000 procedures which have been done for other clients ,so you will have to tough it out to October 1 when the next fiscal year begins? How would you like it when the Treasury Departmenty has to take a lot of the tax receipts usually collected to pay the Bank of China its interest payments because you earn a lot of interest on over 2 Trillion dollars of US paper and they might be a little pissed if that unearned income didn't get paid promptly? How about sending our troops into battle with just a few bullets because the Joint Services Supply and Material Command couldn't stock any more? Are you willing to take voluntary termination if your employer doesn't get that US Government Contract it had been counting on?
Most people don't know what the debt-ceiling is and, more importantly, what the consequences would be of going into default.
Of course, almost everyone wants to reduce spending in the abstract. Polls like this that are not attached to a detailed proposal are facile and meaningless.
You'd have to be a real simpleton to equate government debt with personal, individual debt.
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