« | »

WP/ABC Poll: Sequester Becoming More Popular

From the Washington Post:

Sequester becoming more popular

By Aaron Blake | September 18, 2013

Americans are increasingly in favor of the sequester, even as opponents still outnumber supporters.

This was not what was supposed to happen. Obama intended to use the sequester (which was his idea) to beat the Republicans in Congress like a piñata before the 2014 midterms.

A new Washington Post-ABC News poll shows 43 percent of Americans now approve of the across-the-board spending cuts that took effect earlier this year, after Congress was unable to reach a deal to find other areas to cut. Another 50 percent of Americans disapprove.

In May, as the spending cuts were taking effect, just 35 percent of Americans approved of the sequester, while 56 percent disapproved. Over that span, the percentage of people who "strongly disapprove" of the sequester has dropped from 39 percent to 30 percent. They still outnumber the 19 percent who "strongly support" the sequester.

Despite warnings from the White House and the Defense Department that the sequester would severely damage the economy and America’s military, polling suggests Americans have yet to see major effects in their lives.

Some of them probably don’t even blame the Navy Yard shootings on it.

Meanwhile, even with the sequester we have this, via the Wall Street Journal’s MarketWatch:

U.S. on ‘unsustainable’ budget course: CBO

Debt to reach 100% of GDP in 25 years, agency estimates

By Robert Schroeder | Sept. 17, 2013

WASHINGTON (MarketWatch) — … The nonpartisan Congressional Budget Office said that the U.S. national debt is now 73% of gross domestic product, the highest in history except for a period around World War II. The figure is twice the percentage it was at the end of 2007.

Modestly lower spending, an improving economy and increased collection of income, payroll and corporate taxes have helped narrow the government’s deficit this fiscal year. If current laws remain in place, CBO said, the debt will decline “slightly” relative to GDP over the next several years — totaling 68% of the economy by 2018.

But CBO cautioned that long-term challenges remain. It warned that under current law, growing future deficits will push the debt to 100% of GDP 25 years from now. And under another scenario that envisions changes being made to some laws — including removing the so-called automatic budget cuts known as the sequester — the debt would be even higher, at nearly 190%, by 2038.

“The federal budget is on a course that cannot be sustained indefinitely,” CBO director Douglas Elmendorf told reporters…

The report said spending for those entitlement programs will cost 14% of GDP by 2038, or twice the average of the past 40 years…

And, of course, this is all about spending and nothing about revenues.

For instance, federal spending as a share of GDP under Reagan fell from 19.6% in fiscal 1981 to 17.3% in 1984, before rising back to 18.4% by fiscal year 1989.

During Obama’s first four fiscal years in office, federal spend has averaged 24.4% of the GDP. And this same CBO report also says federal spending at 26% of the GDP will be the new norm. That is not sustainable.

This article was posted by Steve Gilbert on Thursday, September 19th, 2013. Comments are currently closed.

2 Responses to “WP/ABC Poll: Sequester Becoming More Popular”

  1. Judging by past predictions of the CBO, that number will be revised to just 12.5 years.

  2. More popular than what? Herpes?




« Front Page | To Top
« | »