Clarke Dryden Camper is Senior Vice President, Head of Government Affairs and Public Advocacy at NYSE Euronext, a...
A new Washington Post poll shows Americans have little appetite for most of the major proposals to cut the federal budget deficit, despite strong public opposition to growing deficits and debt. According to the Post survey:
· 78% of Americans oppose reducing spending on Medicare, with 65% strongly opposed;
· 69% oppose cutting spending on Medicaid;
· 56% opposed reducing defense spending;
By a narrower margin (53% to 45%), most Americans also oppose raising taxes across the board by a “small percentage” while making “small reductions” to Medicare and Social Security – the type of “shared sacrifice” outlined by President Obama’s National Commission on Fiscal Responsibility last December. The only proposal to win majority support was President Obama’s call to raise taxes on incomes over $250,000, which was favored by 72% to 27%.