Wednesday, July 07, 2010

ECONOMY - Real Worries of Americans Isn't the National Debt

"The American people want more government spending" by Michael Lind, Salon 7/6/2010

Excerpt

The public isn't nearly as worried about the debt as the bipartisan elites in Washington are

The new conventional wisdom in Washington is that more spending to promote job creation is out of the question, because the public has changed its priorities and is obsessed with the danger of federal deficits.

Really? What public? The Paraguayan public? The Moroccan public?

The actual views of the American people are at odds with the corporate media’s portrayal of a nation of deficit hawks. According to a June 11-13 USA Today/Gallup Poll, 60 percent of Americans favor "additional government spending to create jobs and stimulate the economy." Only 38 percent of the respondents opposed the proposal, while 2 percent had no opinion.

Federal deficits are an obsession with American elites, including many establishment Democrats. But deficit reduction is not the leading priority of the American people. In another USA Today/Gallup Poll, taken March 26-28, the list of issues considered “extremely important” by voters was headed by the economy (57 percent), followed by healthcare (49 percent) and unemployment (46 percent). The federal budget deficit came in fourth, at 45 percent. Note to the Obama administration and Congress: Fewer than half of Americans think that the federal budget deficit is an “extremely important” issue.

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