Recent polls show that Americans are coming to agree with Obama's position: that Congress must raise the debt ceiling and reduce the deficit by a mix of tax hikes and spending cuts.
Is Obama winning over Americans in debt-ceiling standoff? - CSMonitor.com
Good to hear.In the Wall Street Journal/NBC News poll released Tuesday night, a growing percentage of Americans – now 38 percent – say that the debt ceiling should be raised, versus 31 percent who say it should not. A month ago, only 28 percent favored raising the debt ceiling and 39 percent said it shouldn’t. Obama, his administration, and most economists assert that a failure to raise the debt ceiling by Aug. 2 would lead the nation to begin defaulting on its debt – or, alternatively, halt payments on other national obligations, such as Social Security checks and service members’ paychecks. Any of these nonpayments would be devastating to the US economy and the individuals affected.