Very concerned (68%) – "The bill will come due. Increasingly it seems that time will come sooner than later. Real fiscal discipline is needed and neither party seems willing to do that."
"I know there are ecomists who think that spending more than you take in is a viable economic principle, but I can't stop thinking that if I did that, I'd eventually be broke living beyond my means. I always thought that the government was supposed to run a deficit during bad economic times and a surplus during good economic times. We've become so used to spend, spend, spend as a relatively new country that we've forgotten that we can quickly devolve into an inflationary state which the Federal Reserve Board can't control with constant rate hikes. At some point this house of cards that we are building will come crashing down. And if you think the Great Depression was bad, this will make it look like a walk in the park by comparison."
"At some point, Congress may face increasing pressure not to raise the national debt ceiling if interest payments on the national debt exceed the additional borrowing generated by persistent deficits, that is, spending in excess of government revenues. A comparable situation occurred in Greece around 2009, after the 2008 global financial crisis, when the country was required to implement severe austerity measures. Severe domestic austerity refers to stringent economic policies designed to cut public spending and raise tax revenues. These measures are generally adopted during a financial crisis to address a substantial budget deficit or reduce the national debt. Although the United States currently holds an AA+ credit rating, it is below the highest possible AAA rating. A further decline in the nation’s credit rating could increase pressure on Congress to take action to restore confidence in the country’s creditworthiness."
Somewhat concerned (21%) – "The federal government needs to get spending under control but we can only vote. That vote does not ensure that the federal government will suddenly become fiscally responsible. The national debt has been growing unabated since 1957 when it was reduced by 2 billion dollars. Time to stop the 70 year trend of deficit spending before we default."
Neutral (2%) – We didn't receive any long-form submissions for this answer.
Not very concerned (5%) – "I am 80 years old. Trump continues to F---- up the country. All i can do is try to vote the old ones out."
Not at all concerned (4%) – "If you look up what makes up our national deficit, there is a HUGE chunk where our govt agencies owe other govt agencies. We could just cancel that out and we would be in much better shape."
❓ Our question to you: In general, do you support or oppose easing sanctions on Russian diesel and other categories in an attempt to ease prices for US consumers?
❓ Our question to you: In your opinion, what will control of Congress look like following the November midterms?
❓ Our question to you: Do you support or oppose the idea of Medicare for All in America?
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