
With dramatic, across-the-board "sequestration" cuts slated to take effect Friday, most Americans believe the consequences of those reductions will have a "major effect" on the state of the U.S. economy, according to a new poll by Pew Research Center/Washington Post. But even as Americans overwhelming express negativity over how those cuts would impact the nation's economy, the same survey indicates a sense of public fatigue over this latest in a series of dramatic fiscal debates coming out of Washington: Only 1 in 4 Americans say they're following the story closely.
According to the poll, which surveyed 1,000 people between Feb. 21-24, 62 percent of the public believes the sequester's effect on the economy would be mostly negative, while 18 percent thought it would be mostly positive. Twenty-one percent said it would have no impact or that they didn't know. Six in 10 Americans, meanwhile, think the impact of the cuts on the economy would be "major"; 55 percent say the same of sequestration's impact on the military, and 45 percent say so of the budget deficit.
Fewer - 30 percent - say the impact on their personal finances would be "major," while 40 percent say the looming cuts would impact their finances in a minor way.
Perhaps that's part of the reason fewer people say they're paying close attention to this debate, as opposed to similar previous controversies, such as last year's "fiscal cliff" drama. In December, 40 percent of the public said they were following news of the fiscal cliff closely, and 28 percent expressed a strong sense of comprehension regarding what would happen if the nation went over the so-called cliff.
And though Americans have a similar sense of sequestration's impact on the economy - 60 percent say it would have a major effect on the U.S. economy, compared to 64 percent of those who said the same about the fiscal cliff - only 25 percent say they're paying close attention to news surrounding the debate. Eighteen percent of the public says they understand what would happen under sequestration "very well," while 35 percent understand it "fairly well," 25 percent understand it "not too well" and 21 percent "not at all well."
A matter of widespread public interest or no, the looming cuts have already taken a toll on the economy, according to a new survey by the Associated Press. Of the 37 economists surveyed for the Associated Press Economy Survey last week, 23 cited paralysis in Washington as a major factor in slowing the economy. Many also said they thought higher tax burdens had led to a temporary slowdown in consumer spending, but that the budget fights coming out of the nation's capital, if persistent, would be a significant inhibitor of economic growth.
So what if we lose 1,000,000 jobs. We already know the Cons Party does not care about creating American jobs.
Spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s," wrote MarketWatch's Rex Nutting. And after adjusting for inflation, Nutting notes, federal spending is actually falling under Obama -- the first time that's happened since the end of the Vietnam war.
factcheck.org
Barack Obama has lowest spending record of any recent president
Using raw dollars, Obama did oversee the lowest annual increases in spending of any president in 60 years.
Using inflation-adjusted dollars, Obama had the second-lowest increase -- in fact, he actually presided over a decrease once inflation is taken into account.
Bottom line: The Facebook post's claim that government spending under Obama is "slower than at any time in nearly 60 years" is very close to accurate.
www.politifact.com/
"just be sure you will pay enough taxes to support it, or ask Congress to raise tax on you."
Since the squeaky wheel always gets the grease, I've asked my congressman to raise taxes on those that whine the loudest about taxes.
Does anyone still wonder whether this is a Wall Street government?
Also, President Barack Obama approaches Friday's budget deadline with a far stronger reputation than republicans for seeking bipartisan unity. By contrast, Americans by 3-1 say the Republican Party takes a partisan approach (64 percent) rather than a unifying one (22 percent).
Tax the rich and spend away! That's obama's policy.
I wonder if he even realizes that if he were to propose deep cuts to spending, while leaving the defense budget alone, congress would be willing to work with him. he knows this to be the case and still continues to compromise!
I put this mess on obama's inability to bring both sides together. But when your policy is,"It's my way or the highway", it's no shocking that he has failed miserably as president!
The Republican game plan is to destroy the economy blame the Democrats and President Obama. This was their strategy to obtain the White House and the Senate in the 2012 elections. If you think the Republicans are death on average Americans, working-class and middle-class people now. Just think of how much more damage they could do to this country if they had the house,the Senate and the presidency to consolidate power to do whatever they want. They would then have free reign to turn America into the third world country that they want for their corporate overlords.
They've already shown their hand by not approving extended unemployment benefits for people and anything else that would help the average American. Then they took America to the brink of default with the debt ceiling crisis. A crisis in which they created. Republicans on the supreme court ruling corporations are people and therefore can give unlimited funding to politicians. Republicans fighting for tax cuts for corporations, big oil and the wealthy while advocating cutting social security, medicare and medicaid. For those reasons and more I can't imagine any thinking working-class poor or middle-class person supporting Republicans after all the damage they've done to this country.
Americans must reject republicans at town hall meetings for their anti American unpatriotic strategy and tactics. The only difference between Timothy McVie and the republicans is he used explosives and they used their congressional positions.
The phony debt ceiling debate and agreement was another part of the republican game plan to take back the senate and white house. They create artificial crisis to stall (run out the clock on President Obama's term) and cripple him and the economy to prevent JOBS from being discussed or created. They were counting on voters blaming the president for the bad economy even though they the republicans are sabotaging every step of the way.
Even a blind man can see republicans couldn't care less for average Americans. Just imagine what they would do if they controlled the house, senate and presidency. Americans did not let that happen. Because it is crystal clear by the behavior of republicans they do not want America to progress and will hold it hostage to prevent it.
Republicans are screwing up government to prove their mantra " government doesn't work". This is designed to frustrate and turn off non supporters f thus paving the way for their depraved zealots to shape the discussion. Hostage politics is their strategy. Americans need to punish republicans at town halls and with calls, letters and emails.
They cannot be allowed to get away with sabotaging our great nation. Americans need to recognize that republicans have no intention or incentive to do anything to bring America out of its economic woes.
After all, they think they can shift blame by blaming President Obama and Democrats. Time will tell if Americans will fall for this again. Prevent abuse of struggling Americans and America. Just say no to republicans.