With under two weeks until a potential default on the nation’s debt, a majority of registered voters says increasing the debt ceiling should only happen with spending cuts, and two-thirds believe that failing to raise that limit will result in financial catastrophe. That’s a complete reversal from 12 years ago during the last debt ceiling crisis.
According to the latest Fox News survey, 63% think failing to raise the debt limit will create a financial catastrophe for America, while one-third (32%) say that’s an exaggeration. In July 2011, 39% felt catastrophe was on the horizon while 55% felt it was an overblown prediction.
The switch can be attributed to bipartisan majorities now agreeing that defaulting would be catastrophic. CONTINUED
Victoria Balara, Fox News
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