Saturday, June 25, 2011

Americans Divided on Debt Ceiling

Posted By on Sat, Jun 25, 2011 at 8:24 AM

A new poll by the Associated Press reflects what BW reported last week: that while most people are deeply concerned about the fast-looming debt crisis, they're also divided on what to do about it.

The current United States debt ceiling of $14.3 trillion has been raised, extended or revised 78 times since 1960.

According to the poll, 41 percent opposed the idea of raising the country's borrowing limit but 38 percent said "let loose the consequences." The survey found no significant differences by education, age, income or even political party, in perceptions of whether a crisis is likely if the limit is not increased.

Among the comments BW staff heard from professionals, retirees and students:

- "It's out of control."
- "We're passing that onto our children."
- "Comletely irresponsible."

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