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99% Of Americans Are Against Raising The Debt Ceiling
In a poll on Fox News, with over 163 thousand people voting, the vast, vast majority, or 99% of poll respondents are against raising the debt ceiling, claiming "This out-of-control spending is outrageous and irresponsible." (at least Obama will get time to sneak in another 50-60 stimulus bills before China says "no mas"). We are not sure just how scientific this sampling is, but we would give it the benefit of the doubt with these kinds of numbers. Remember - the Senate is about to raise the debt ceiling from $12.1 trillion to something like $14 trillion. This means that the Senate is about to go against the wishes of 99% of America. How the Administration hopes to moderate the unprecedented political fallout that is sure to follow such an action is far beyond our meager analytical skills.
h/t Link Mann
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Does the sky fall when the debt ceiling fails to rise?
No you just get a cigar and a dry cleaning bill.
Yes we made the debt we need to pay it.
Unfortunately we can't pay our debt unless we borrow some more money to make the interest payments.
People shouldn't get too excited about this, we will never pay any of it back.
That is correct.
Ya we are just doing it because it's fun to try. Roll out the sysiphuses.
What's this "we" shit? You got a mouse in your pocket?
Can't be repaid - won't be repaid.
oh it'll be repaid, fear not.
personally though i'll take charmin over usd by 2012. i prefer two-ply
People get all excited about our national debt 12T and growing. We, as in our children and granchildren will never pay this back. We have never paid one dime back, all we pay is interest and we borrow from the same people we already owe to pay the interest. Think of it as taking a cash advance on your credit card to make your minimum monthly payments. The US will eventually defualt. So next time there is a big bank bailout or increase in the debt ceiling just relax, it isn't your money. The foriegners who are the bag holder are the ones who will ultimately take the loss.
Again, everyone just relax.
In the meantime if the economy has another bubble and appears to recover our taxes will be raised and we(the consumer) will still be in a recession because we will have inflation on top of higher taxes. So buy some K-Y and enjoy and relax, sorry but I don't think so. I don't enjoy that kind of situation.
USD is much stronger than two-ply, since there are threads woven in the USD.
Fox News is the Fox News of News channels.
It does if you have a bad couple of weeks in the banking sector and Ms. Bair of the FDIC has to make whole the depositors of the failed banks only to discover her vaults are empty. Normally an emergency loan from the Treasury would handle it, but not if the limit has been reached.
99% of people who called in to Fox News to complain about raising the debt ceiling said they were against is. The other 1% were trying to vote for "America's Next Top Model".
Team Obama dismisses the results of this poll as just right-wing nut job Fox addicts on a rampage to scuttle his initiatives .
sure, but that's because nobody who voted for him really 'heard what he meant' when he promised 'hope and change'. you really can't blame him for keeping his promises... you gotta blame us for letting him continue to do so. sadly this political oscillation isn't converging on rationality these days, but rather seems to be diverging to ???
a while back, that german dude wrote a book clearly outlining his goals and plans, and 'everyone' thought it was a great idea except the members of the 32 opposing political parties that disappeared soon after he reached critical mass.
we humans just aren't nearly as original as most folks would like to believe... same patterns, different haircuts.
FYI, paper money works well in wood stoves.
99% of the people in American don't know that it takes a year for the Earth to revolve around the sun. I'm not saying that the debt ceiling should be raised one penny, but I'm incredulous with the 99% reading.
+1
The 100% vote for Saddam was pretty credible too. But check out the demographics of Faux News and ask them how much they like O.
I can imagine the tele-survey: "Is this a telemarketing call? I already have a sham-wow, it's called my 401k. Bammers doesn't need any more of my money!"
However I can agree that 99% of knowledgeable Americans would oppose it - no more extend and pretend; face the music.
Relax, its a Fox News poll.
Ummmm... this is Fox "News" we're talking about here too...
would it make any difference if it were done by
Anything But Credible
Never Been Credible
or
Credibility By Sophistry
"news"
?
so... what if they're only half right? would that matter, or is it "just fox news, and that's enough for me..."?
interesting.
"How the Administration hopes to moderate the unprecedented political fallout"
That would imply they're afraid there's going to be some political fallout, but i doubt it. They passed the $700bn stimulus last year after hundreds of thousands of outraged protests from J6p. They couldn't care less about 'fallout', and they have almost another whole year to work to distract J6 before the next election.
Keynes on Lenin ("The Economic Consequences of the Peace") "Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." And again: "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. – As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery."
Wow, that's good stuff. Looks like we are at the "gamble and lottery" phase right now.
We've been in the "gamble and lottery" phase for at least 10-20 years, if not 30 or 40. Communism sucks but our corporate-fascist-faux-capitalism is becoming as bad.
Oh, pardon me but I thought our system is rigged market cannibalism.
"rigged market cannibalism"
i like that one, he says, licking his recent market wounds...
i may borrow that, if you don't mind.
ALL THAT IS MISSING ON WALL STREET IS THE COCKTAIL WAITRESSES AND THE PERPETUAL BUFFET, AND SOME SLOT MACHINES FOR THE LOSERS ON THE WAY TO THE EXITS.
ALL THAT IS MISSING ON WALL STREET IS THE COCKTAIL WAITRESSES AND THE PERPETUAL BUFFET, AND SOME SLOT MACHINES FOR THE LOSERS ON THE WAY TO THE EXITS.
What!!?? I can't hear you. Type a bit louder.
And repeat yourself
I just pass by any post in bold or caps. Both? Forgetaboutit.
WELL EXCUUUUSE ME, ILLITERATI FUGITIVES FROM THE SAME DOUCHE BAG.
Hey, Bravo 7 was just making a point. He probably forgot to take it off caps.
Besides it was a funny post; however, I would add that Wall Street closes on weekends which is why Vegas and the track are better alternatives.
well, the debt ceiling authorization is attached to a must pass Defense bill. also added to said bill is jobs program/money for states (somewhere around 150 billion) and extensions to unemployment benefits and further subsidies for health care for unemployed.
we've seen this movie before...."voting against the debt ceiling limit raise is voting against: our troops, our unemployed, our teachers, the tooth fairy, Santa Claus, etc."
This question of legal plunder must be settled once and for all, and there are only three ways to settle it:
No, what we have right now is more like
4. EVERYBODY PLUNDERS THEIR OWN CHILDREN AND GRANDCHILDREN. (by destroying their currency, making their savings worthless, and setting them up for failure with an obscenely massive and utterly unpayable debt burden, essentially generating false "hope" by borrowing from the future and placing future generations in a hopeless situation)
Zactly, + bury the Audit the Fed bill in the useless Financial Regulation bill so as to provide easy access to both for evisceration on the House-Senate conference operating room table; sorry Mr. Paul, but it seems we've run out of anesthesia. Here bite on this wad of freshly printed Benjamins.
Maybe the machines will rise up on Thursday after the reconfimation vote and fix all this.
Yeah, we're pretty much fucked.
i would never use a fox news poll as a premise in any argument.
GAllup, Pew or a university.
I'm no fan of raising the debt ceiling. But, where was Fox for eight years of the Bush Administration? We went from $5.7 trillion to $11 Trillion in debt (while raising the debt ceiling along the way) and Fox (and all other Corporate Media) was silent.
no we didn't.
What's the point of having the f'ing thing if they keep raising it??! Bunch of f'ing morons
You wanted change? YOU FkING GOT IT
I especially love : " we gotta' borrow more because we've already spent the money we don't have ".
Reminds me of the Patrick Ewing quote when the players association was negotiating with the league - "We might make a lot of money but, we also spend a lot of money."
OMG, that (spent the money we don't have...) is such a fucking awesome quote! -- must. steal. this. quote. --
To get 99% agreement out of 163 thousand people one of two things is happening:
1) Bullshit
2) The question was so ridiculously skewed that it doesn't indicate anything. As in "Do you think Congress should raise the debt ceiling and I should stomp this puppy to death?" Even with that question you wouldn't get 99% agreement.
1) Does life exist?
2) The sun is hot?
3) Chet is a disagreeable turd?
4) Your mama
Chet, you're wrong and I can prove it. Read the latest Rasmussen survey on Obama's job approval. Actually it doesn't even have to be the latest one, thay all read the same.
You ready?.....98% of blacks approve of Obama's job performance. Fact.
I just had to check that number out... 98% it is...
I'm starting to feel ill again.
I'm convinced that Obama could literally eat children on live TV and his approval rating among blacks would plunge to around 80%.
Unless they are rich white children, then his approval rating would go up.
That's the funniest ass post I've read all year! "disagreeable turd" = make me laugh until I wet my pants!
Although I agree that the debt limit should not be raised I don't trust the results from any poll that was designed by "Fuck You Frank" Luntz.
I just went over to the Fox poll and voted in FAVOR of raising the debt limit. FUCK YOU FRANK!
No! Not the puppie!
Lt John has apparently run through his entire collection of rubber dicks.
Did I read correctly that the budgets of all departments have been raised by 10% even though revenues are plummeting? This reckless spending spree is just part of an ill conceived plan to keep the economy going by replacing consumer borrowing with government borrowing. The government is the only one able to keep the Ponzi scheme going right now. Problem is, we're still headed straight for an iceberg.
No, not straight because we could survive a direct hit. Instead, we are slowly truning in an effort to expose the entire length of our vulnerable port side to be Jack-Riped by the ginsu knife of reality.
Economic seppuku.
It slices! It dices! It even juliennes your economy!
Just like in the opening scene of 'The Cube'.
Which could be why congress is scrambling to pass a short-term extension of the nation's borrowing limit, rather than a more ambitious increase in the debt ceiling to enable federal government borrowing through 2010. It looks like an extension of the borrowing cap until February will be included in a spending bill setting the Pentagon budget for the balance of fiscal 2010.
Who is kidding whom? Even with your meager analytical skills, one knows that 99% of Americans have no idea what the debt ceiling is.
+100
Did the American people all of a sudden get religion once the collective debt hit 12 trillion plus? They should ask the same people what they are willing to give up to make this achievable. It's encouraging but methinks it's a case of motherhood feel good opinions with very little substance.
I'll start!
Space shuttle launches. They're cool, but haven't we learned enough about mouse reproduction in a low-g environment? Anyone else got one?
375 of the 750 foreign military installations, forts, etc. It's a start.
99% of government grants, 50% of Social Security and Medicare, and 100% of California.
write the medi-cal billing code in simple english, that you don't need special training to understand. no more money to yucca flats
Cut Pentagon budget in half. We're still the biggest boy on the block after that.
Ooo! Ooo! Two useless wars!
Oh, also, seriously. Whoever wrote the captcha has some fundamental problems with algebra. Fix it, lest we think this extends to your financial analysis.
How about we stop wasting our money, time, and young men in the assorted assholes of the earth.
Case in point:
http://www.youtube.com/watch?v=O2F80llZ5F4
I will give up everything. You name it. The answer will be yes.
sex
No, the correct answer is: 'the printing press'.
actually, i might pay more taxes for sex.
Obama: "Reach around? I was just cleaning the change out of your pocket after emptying your wallet!"
Since this is FoxNews, 99% of people oppose raising the debt ceiling and 108% support it.
that's pretty funny - humor is key...
Please don't quote Fox "News"; it degrades your entire site. Like others have said, a poll with a 99% result is suspicious at the least.
Meanwhile Gethner had a scathing speech today saying Americans borrowed too much. But now they learned their lesson and are saving more. Meanwhile, .Gov is doing everything it can to offset the now responsible American citizen. Motherfuckers.
but...but....it's gubmint's job to save us from ourselves.
There are two parties to a trade. Usually one had better information than the other. The banks and shadow banks loaned this money while under supervision of the fed. This isn't a borrowing problem but a lending problem, unless you think borrowers are more financially sophisticated then banks and the fed. The root problem is financial fraud by the lenders. Without them running their leverage ponzi scheme, this could not have happened. Tax cheat Geithner can park his outratage at the door.
It will work, until it doesn't. What other play does government have?
Don't pass the healthcare monstrosity for a great start.
Fifty years from now in some other country someone will have prodcued a documentary film entitled 'How the American Empire Finally Collapsed', and the opening scene will be real footage of Barack Obama standing at a podium saying, "My healthcare bill lowers costs!"
And the audience will be burst out laughing.
It will be sooner than 50 years. Maybe Michael Moore will be around to create it.
No. It's going to be Reagan's people telling Congress how great "trickle down" economics will be with an immediate cut to Phil Gramm explaining who his Gramm Leach Bliley bill gutting Glass Steagle will be good for the banks which will be great for America.
Why do party line shit? It's getting as stupid as racism. Both parties fucked up bad because of the structure of the system. Lobbying, campaign finance, until money cannot own the political aparatus, we will always get results like these.
+100 (have i run out of points tonight?)
at least somebody's still thinking clearly.
Im not quite sure I get this. Being from the UK, I can't imagine not having a free health-care system
Every time I have spoken to someone in the states, they say it'll be too much money etc etc, I am a firm believer in markets but a free-health care system whether in a recession or not is a good thing and I couldn't comprehend anything else
Jesus H. Christ! Free? You moron!
There is no such thing as a free health care system. Some people are paying for your silly stupid ass health care and what a waste of money it is.
Disappear, please.
Free?? You bloody numbskull.
Why do the majority of Americans think anyone in congress cares about what they want?
Whatever gave them the impression that the legislators they voted for were going to represent their interests?
+1
Faux News
We Deceive....You Believe!!
Glenn Beck must be logged in because somebody's junking anyone that has a poor opinion of Fox.
Damn double posting!
A "debt ceiling" appears to be on the horizon in the form of foreign refusal to underwrite the debt. Would you lend against this latest P&L?
http://www.fms.treas.gov/mts/mts1109.pdf
When I click on Robo's latest post it comes up blank. Any one else having that problem?
yep, he's such a slacker.
prolly had good pics too.
not really, but you can see the best one here...
http://www.zerohedge.com/sites/default/files/images/user971/imageroot/Danielle.jpg
Your daughter is a really beautiful girl. You must be proud. Is she out of highschool yet? College freshman maybe?
Thanks. She is having trouble making ends meet, though. Maybe you can give her some pointers? Show her how to work that pole, or even (if you are willing to share your best income tips), the corner?
That's so sad. I see from the picture, ya'll live in a deliverance sort of shack. You can't give her anything (except lingerie), I get it. This depression, I hate it. Fucking Bernanke...
Disgusied as a debt limit question, this is actually about whether a person supports additional government spending. The answer obviously being no.
However if the question were put: do you support not raising the debt limit, shutting down the government, and watching the economy tumble overnight into a depression so bad that being able to sell apples on the corner for 5 cents would be a great job to have, the response may turn out differently.
The faster it tumbles the faster it can recover.
Actually, we'd be much better in the long run if that happened.
In other news 100% Americans are against being raped by their "leaders" and bankers. Raping to continue as normal says sources inside the treasury department. Fed Chairman Bernanke soon to announce "golden shower" upon Dollar holders, more news and pictures of puppies at 11!
Let me guess, oil demand is expected to rise on increased demand for KY Jelly? 'Big Ben' is no longer a clocktower reference.
The raping will continue until morale improves....
Its an internet poll where anyone can just click. Take it easy, although in this case the 99% are correct. Spending should be cut first before any debt limit is raised.
This is the same fox news that had a poll showing 120% of Americans think scientist falsified climate data:
http://wonkette.com/412628/rasmussen-fox-news-now-working-together-to-de...
and 193% of Americans support Palin
http://www.alternet.org/blogs/politics/144158/fox_news%27_fuzzy_math:_19...
Just saying fox is not the source in you want poll numbers.
. . . with Rasmussen not far behind.
Rasmussen is the most accurate pollster over the last several election cycles. Grow a brain and stop being so partisan.
This poll is not all scientific. Its an internet based poll. Clean the cache out on your laptop you could vote 1 million times. Its about as scientific as some idiot wasting their time to vote for American Idol.
Why not just get rid of the whole fucking thing? What's the point in keep raising the debt ceiling every 6 months or so? It's still unpayable...
In other news, Fox News is still full of shit...
Stopping the debt ceiling increases ENDS THIS.
We can fight each individual bill, but they all fail if we END THIS.
Butttttttt unfortunately it happens to have the utmost correct response.
we should take a poll to see how many of us trust this poll
Or do a ZH version of the poll and see where we end up.
We need a psychographic poll of ZHers, too. Although it might be too revealing.
This ain't a democracy!
You can't just arbitrarily go asking the community what they think their leadership should do!
I have just raised my personal debt ceiling to $100 million. Not sure if I should go to Ben or the banks for the money.
Somebody on SeekingAlpha was saying we should 'take advantage' of the carry trade - huh? If I owned a huge-*** bank!
Rest assured, a poll on Cluster Fox News is certain to be of the most rigorous scientific validity, sampled from an audience of great intellectual depth.
All I know is the GDP used to be around 14 Trillion in this country.
But the that's nothing compared to the real debt we have:
http://www.truthin08.org/
Please some talk about a recovery. Please, the reason rates are slow low, and why Greenspan kept them low, was because housing was all we had in this country. Because the real growth jobs are gone, to China and elsewhere. And because this country is broke, it now can't afford to retool and create a new industrial sector. Don't blame Obama (even though he's like all the rest), people are the government - people are to blame. Of course this all started too, with the moron Reagan. It's going to get much worst going forward.
$65 to $70 trillion
Certainly a sizable portion of the 99% against raising the debt ceiling are on the dole in one form or another. Let's see how long they remain opposed once the gov't shuts down and stops cutting checks.
"#165252
Why not just get rid of the whole fucking thing? What's the point in keep raising the debt ceiling every 6 months or so?"
It's one of the jobs works programs.
These fuckers CAN NOT STOP SPENDING.
They have a term for that disorder. Usually you take over the check book, take away the credit cards and put the individual on a strict budget with minimal pocket cash.
In severe cases, the individual is institutionalized for a period of time.
you said to "relax its a fox news poll." i assume you don't agree with the 99% result since it's a fox poll - as you say - as opposed to nytimes, nbc, cnn or msnbc poll.
the 99% agreed with the statement: claiming "This out-of-control spending is outrageous and irresponsible."
now you're saying the congress (etc) "CAN NOT STOP SPENDING." btw, as you would say: ("What!!?? I can't hear you. Type a bit louder." but i digress.
so i guess you agree with the 99% even though it's a not a reliable poll in your esteemed estimation.
prolly the same anonymous anti-fox troll posting "it's fox news so laugh at it" about every 10 posts... i wonder how much they get paid for this stuff? prolly americore paid with stimulus funds. only in america...
FWIW, I like fox news, I know their bias, and more important, most of their commentators have no illusions about their own biases. At least they're honest. As for the news itself, 'fair and balanced' is hard to discern when wrapped in hannity/beck/etc. I still trust them *more* knowing *that* than I trust the rest of the MSM whores combined. They've all been bought and paid for twice.
maybe that's why fox has higher ratings than the rest combined. we're clearly all too stupid to tell truth from propaganda. i guess I just like my little ol' bliss...
cheers
+1 FOX is the truth bomb useful idiots can't handle.
I love me some antagonzing news here and there - but when Glenn Beck calls himself a Libertarian, and then proves it otherwise by the statements he makes, I just start laughing, in a cynical way, at what people call 'the truth'.
Citigroup Says Abu Dhabi Seeks to End Share-Purchase Agreement. http://bit.ly/4q5V9a.
Not sure what this means - from the Washinton Post as of tonight at 8:05 -
Citigroup gains massive tax break in deal with IRSThe federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis.
The Internal Revenue Service on Friday issued an exception to longstanding tax rules for the benefit of Citigroup and the few other companies partially owned by the government. As a result, Citigroup will be allowed to retain $38 billion in tax breaks that otherwise would decline in value when the government sells its stake to private investors.
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR200912...
Not sure this is new or was in the original deal.
Hello comment auditors. You're doing a magnificent job.
Utterly how 535 absolute morons (Ron Paul excluded) can run amuck and f*ck everything up.
we're utterly fucked. aren't we.
i am not chumbawumba, but have oft wondered what that woukd be like. oh, and i miss cheeky bastard...
where is cheeky bastard? anyone know?
Saw him on one of Marla's Dubai posts tonight.
CITI granted special 40 billion$ tax break from the IRS! We live in the most corrupt county in the world. The most corrupt. We are talking world class scum. Open the gas chambers.
The administration does not care what we think or want, they have an adjenda and come hell or deficits they will continue to spend us into total disaster
Yup. We're just along for the ride now. I don't even really want to know anymore. It probably ends with the nukes leaving the silos or some other really fucked up shit. I'd rather just not know.
Fox news poll, beneath you to use.
I'm dissappointed that even one (if not all the 39) Tyler Durden chose to make an article out of this ridiculous poll. Makes me mistrust Zero Hedge just a little bit less than I did after finding out there are 39 Tyler Durdens which was a little bit less than I did when I thought it was one poster.
Get a grip TDs. Don't kill the Golden Goose that is Zero Hedge.
Wow, this is the second dumb post I have responded to. And you wrote the other one too! If you're so ignorant or dense that you couldn't figure out by reading this site that there are many TDs, you should stop reading now. Also, since you keep bashing Fox News I can also infer that you just love Mr. O. Henceforth, all of zero hedge will know you as our court jester. Carry on!
Let's solve this debt crisis the American way!
The US could declare a double or nothing mandatory bet. Obama calls heads or tails. If the call is correct, the US owes nothing to the bond holders. If the call is incorrect, all debt holders get paid double immediately.
In case you don't like that, we're going to eventually double the debt anyways in a few years. Why not get this done and over with?
Simply brilliant.
We're on the road to nowhere.
http://www.dailymotion.com/video/x20vxi_talking-heads-road-to-nowhere_music
There is a hidden agenda. Let's use logic to frame this up; and let's reduce the 99% opposition to say, 75% (to settle down all FOX haters). So, 75% of people [surveyed] oppose this reckless spending proposal. Naturally, people are angry. Now, let's examine what we are actually getting for a nearly $2T bill (i.e. value): In my humble opinion, the so called 'reform' will ultimately raise costs, decrease quality of care, yet somehow manage to leave roughly 27 million people without coverage. What good, if any, does this massive waste of taxpayer dollars actually provide? Hard to say really.
Another puzzling aspect of the mysterious agenda is that of approval rating; generally speaking, politicians begin campaigning for re-election before the paint dries in the new office. Oddly enough, this motley crew appears to care about one thing and one thing only: get the bill to pass the Senate. Perhaps, the men and women of Congress are so concerned with the well being of Americans they would rather provide new and improved health care than hold their respective seats another term. It's doubtful each lawmaker was overrun with morality in the middle of the night.
If I were to guess (and I just love guessing), I would say that one by one, these men and women are being bought off, Louisiana style. Take for example, Joe Lieberman. Joe has been strongly opposed to the bill from the beginning. Then, out of the blue [today] Joe has a change of heart. He's in it to win it. At present, the proposed bill is stripped of all the juicy meat, or is it? Nearly every major element of this proposed solution to the health care 'crisis' is gone and yet support for its safe passage through Congress still grows. I have an eerie feeling there is still quite a bit of legislation capable of doing serious damage.
Finally, we have a bill that is now a shell of it's former self, a price tag of nearly two trillion dollars and a host of incumbents that are most likely losing their seat for playing along. Man would I like to know what each is receiving as compensation, must be something good.
Nathan R. Jessup
www.the-raw-deal.com