WASHINGTON – To ease surging budget deficits, Americans prefer cutting federal services to raising taxes by nearly 2-1 in a new poll. Yet there is little consensus on specific, meaningful steps — and a wariness about touching two gargantuan programs, Social Security and Medicare.
An Associated Press-CNBC Poll showed widespread anxiety about budget shortfalls exceeding $1 trillion a year. Eighty-five percent worry that growing red ink will harm future generations — the strongest expression of concern since AP polls began asking the question in 2008. Fifty-six percent think the shortfalls will spark a major economic crisis in the coming decade.
As for detailed cures, the poll shows little agreement — a problem that has long bedeviled lawmakers who often speak about taming federal deficits but seldom vote to do so. Given more than a dozen options for helping balance the budget, majorities backed just four: Reduce the number of federal workers, trim their salaries, cut overseas military bases and eliminate the tax deduction on home mortgage interest in exchange for lower income tax rates.
Answer by kerp1960 at 12:40 PM on Nov. 30, 2010
Answer by SMWOODS at 12:42 PM on Nov. 30, 2010
Both- If my personal finances were in the negative column, I would cut spending and work additional hours, in order to increase my income- Common sense- Yes, it hurts and is a PITA to consume less and work harder-is the goal worth it???????? If not, quit the biotching-
Answer by Sisteract at 12:43 PM on Nov. 30, 2010
Answer by LindaClement at 12:43 PM on Nov. 30, 2010
Answer by sopranomommy at 12:57 PM on Nov. 30, 2010
Answer by .science.mom. at 12:57 PM on Nov. 30, 2010
Answer by arenad at 1:00 PM on Nov. 30, 2010
Answer by arenad at 1:03 PM on Nov. 30, 2010