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
House Reconciliation Bill Would Add Trillions to the National Debt
The bill would increase debt by $3.0 trillion over the next 10 years, driving it from nearly 100 percent of GDP now to 124 percent of GDP by 2034.
House Reconciliation Bill Would Increase the National Debt by More Than Any Other Recent Legislation
The House recently passed the largest reconciliation bill ever. CBO estimates it would add $2.4 trillion (excluding interest) to the national debt over 10 years.
United States Is Borrowing at a Higher Rate than the Global Average, Warns IMF
New IMF reports serve as a warning to all countries that global fiscal and economic conditions are veering into dangerous territory.