Both Parties Can Pick Up Late Support by Addressing the National Debt
Seven in ten voters from across the political spectrum say the record national debt will be an important factor in their vote for Congress in next week’s Midterm Elections, according to a new poll conducted by a bipartisan team of polling firms, Global Strategy Group and North Star Opinion Research.
The poll also found that candidates can pick up late support by showing they will work to address the $21.6 trillion national debt. The vast majority of voters want the next Congress to focus on fixing the debt, no matter which party wins majority control.
Michael Peterson, CEO of the Peter G. Peterson Foundation, joined Nightly Business Report to discuss how the public is ahead of their leaders in Washington when it comes to making progress on America’s fiscal challenges.
Video credit: Nightly Business Report
Further Reading
National Debt Projected to Hit 175% GDP; Interest Totals $99 Trillion
Compared with the previous 30-year projections, spending will be higher, revenues lower, interest rates and interest payments elevated, and the national debt significantly larger.
Federal Healthcare Costs on Track to Reach $3.1 Trillion by 2036
Federal healthcare programs are among the fastest-growing drivers of federal spending, and their continued growth will put significant upward pressure on the national debt.
Quarterly Treasury Refunding Statement: Higher Borrowing Compared to Last Year
Key highlights from the most recent Quarterly Refunding include an increase in anticipated borrowing of $249 billion compared to the same period in the previous year.