WASHINGTON POST: A large majority of Americans say the U.S. economy would probably suffer serious harm if Congress fails to give the federal government more borrowing authority. But barely half support raising the government’s debt limit, even if lawmakers also sharply cut spending.
A Washington Post-ABC News poll shows that 55 percent of Democrats and half of Republicans and independents support a debt-limit deal that includes a steep reduction in the size of government. But 37 percent of Republicans, a third of independents and nearly a fifth of Democrats say they are against raising the debt limit, under any circumstances.
The survey highlights the political pressures facing lawmakers and the White House as they lurch toward Aug. 2, when the U.S. Treasury says it is likely to default on its obligations unless Congress agrees to raise the $14.3 trillion debt limit. Bipartisan talks aimed at reaching a compromise are set to resume Thursday on Capitol Hill, focusing on Democratic demands for fresh revenue as well as possible mechanisms for enforcing a multi-year agreement to cut spending… (more)
EDITORS: Conservatives are playing ‘chicken’ with the US credit rating and prestige. The proper forum for discussion of cost cutting is when the budget is determined.
