CNN Poll: Americans Think 'Fiscal Cliff' A Crisis, Favor Tax Increases and Spending Cuts
I know what your thinking - if Americans think the fiscal cliff is a crisis, why are they in favor of what the fiscal cliff does (increases taxes and cut spending?) Cuz the American electorate is not the sharpest pencil in the box and the American Media is well matched to that. Consider from CNN:
"Americans definitely feel that they have something at stake in the upcoming negotiations - 77% believe that their personal financial situation will be affected if the government goes off the fiscal cliff," said CNN Polling Director Keating Holland.
At issue in the negotiations is a disagreement between the two major political parties over how to best raise the federal government's revenues. The president and most congressional Democrats argue for tax rate increases on the wealthiest Americans in order to raise revenue, while most congressional Republicans call for the closing of loopholes and reform in the tax code. Both parties have indicated a willingness to implement spending cuts, although a decision over how much and where has yet to be made.
So what does the public think? Two thirds of those questioned in the poll say that any agreement should include a mix of spending cuts and tax increases, with just under one in three saying a deal should only include spending cuts.
If the 'fiscal cliff' is a crisis, and it is not the right policy right now, imo, it is the TIMING that brings the urgency, not the specific policy mix. This is not the time to be cutting government spending. It is time to increase it in stimulative ways. But the Media either does not understand this, or instead chooses to ignore it. One last point - when did Republican agree to increase tax revenue? CNN is making that up.
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