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Steve McIntosh Report Blog

CBS Poll looks at sequester

A C-B-S News Poll finds 53% of respondents say they personally will be affected by the cuts in the sequester. The poll says a majority of Americans prefers to reduce the deficit by both raising taxes and cutting federal spending.
As for missing the March 1st sequester deadline … 38% place more blame on the Republicans in Congress for the failure … 33% blame President Obama and Democrats in Congress … and 19% blame both sides.
Recently Kansas Congresswoman Lynn Jenkins and her fellow Republicans pointed out that most Americans saw a two percent reduction in their take-home pay the first of the year, when temporary federal withholding cuts expired. Jenkins also quoted the Congressional Budget Office as projecting federal tax revenue will double in the next ten years.
So the question, it seems to me: is it just spending cuts or slowing the rate of increases … or spending cuts with some higher taxes to solve our deficit woes?
Our thought for today is from Philip Crosby:
“If anything is certain, it is that change is certain. The world we are planning for today will not exist in this form tomorrow.”

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Topics : Business_FinancePolitics
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People : ObamaPhilip Crosby

03/11/2013 1:45AM
CBS Poll looks at sequester
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