Many Americans have apparently flip flopped in their views about raising the debt ceiling.
After weeks of more poll respondents saying they opposed increasing the federal debt limit compared with those who favored the action, a new Wall Street Journal/NBC News poll found more people now supporting the fiscal move than opposing it.
The WSJ reported:
The poll of 1,000 adults, taken July 14-17, found a dramatic shift in attitudes toward the debt-ceiling debate as the public tunes in to the issue that is consuming Washington. A plurality of Americans—38%—said the debt ceiling should be raised, against 31% who said it shouldn't. A month ago 39% said the debt limit shouldn't be raised, while 28% said it should.
Of those polled, 58% said they supported Mr. Obama's approach, a $4 trillion deficit-reduction plan over 10 years that would cut federal spending, including on Medicare, and raise taxes on corporations and the wealthy. In comparison, 36% said they backed the leading proposal among congressional Republicans, which would reduce the federal deficit by $2.5 trillion, also over 10 years, by cutting federal spending but holding the line on taxes.