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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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Especially if our "meager analytical skills" are as bad as the pollsters at Fox News. "We find it best to give it the benefit of the doubt with these kinds of numbers" also had me laughing.
Polls can be spun 100 different ways never trust them. As for the senate representing the people there are many examples that they don't, and this is just one more. Is this the democracy and freedom that we want to spread around the world.
Greece's Prime Minister is cutting spending aggressively. Can we borrow him for a while? He'll sort us out in no time.
http://news.bbc.co.uk/2/hi/business/8411749.stm
vote them all out
Please see Simon Johnson (baseline scenario) on the debt and deficits. Let's listen to the MIT economist rather than Fox news.
We should make Monopoly Money legal tender. I've got stacks of it at home.