Thursday, January 13, 2011

Public Strongly Opposes Raising the Debt Ceiling

A Reuters/Ipsos poll found little public support for a debt ceiling increase:
The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday.

Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending.
It looks like Speaker John Boehner (R) will have the support he needs to hold the line on the debt ceiling.

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