I’m Not the Only One Concerned about the Deficit

by Marilou Long on August 18, 2009

in Credit Crisis,Debt,Guest Voices

This post is an expansion of my column that ran in today’s San Antonio “Express-News.”  Periodically, you’ll find my partner, Laura Ehrenberg-Chesler, and me sharing our viewpoints in the business section of the paper.  We hope you’ll follow us both in print and online.  Your comments and conversation, are of course, welcome.

In a Washington Post-ABC News poll conducted during 6/18-6/21, almost 9 in 10 Americans are concerned about the size of the federal deficit.  This is even higher than the NBC/WSJ poll from the previous week.  The questions appear to be slightly different, so that could account for the large discrepancy.

From The Washington Post article:

Two weak points on the domestic front remain: Obama still gets tepid marks on his handling of problems facing the big U.S. automakers, and as many people disapprove as approve of his handling of the federal budget deficit. On the deficit, intensity runs against the president, with 35 percent “strongly” disapproving, compared with 22 percent who say they are solidly behind his efforts.

More broadly, worries about the deficit remain widespread, with almost nine in 10 Americans saying they are “very” or “somewhat” concerned about its size. “

This Fox-News article provides a good summary of the recent polling data.  The current discussion about the President’s healthcare proposals is contributing to the concern.

From the Fox-News article:

“Yet with each spending proposal Obama rolls out, the deficit grows astronomically and the American people are growing more concerned.

The president’s health care reform plan alone, without an agreement on how to pay for it, would pile on more than $1 trillion over the next decade to the already enormous 2009 deficit which is estimated at $1.8 trillion. But Obama is adamant that his plan must be “deficit neutral.”

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