Alarm over U.S. Debt Creates 'Window' for Tough Choices
usatoday.com — If Americans aren't prepared for the hard choices needed to control the national debt, most voters here must have missed the memo.
If the Tea Party movement that helped sweep Republicans to greater power this month is to have an impact in Washington, getting control of the national debt would be a logical place to start. A bipartisan presidential commission reports its findings Wednesday, Obama delivers his proposed 2012 budget early next year, and Congress must vote to raise the $14.3 trillion debt limit before it's breached next spring.
Cutting the deficit and debt is the preferred prescription for the economy among 39% of Americans, a USA TODAY/Gallup Poll conducted Nov. 19-21 shows. That tops other options, including raising taxes on the wealthy, cutting taxes and increasing stimulus spending.