Deficit Could Be Obama’s Achilles’ Heel
Posted on Jun 18, 2009
President Obama once said the deficit “keeps me awake at night.” He’s not alone. Three recent polls show that while Obama’s approval ratings remain high, most Americans are preoccupied with the deficit and many question about whether the president is willing and able to rein in spending.
With mounting pressure at home and abroad to cut the budget, Obama’s ambitious health care plans could be headed for the rocks. Too bad we already blew a few trillion on wars and banks. We could have used that money for something useful, as it turns out.
AP via Google:
The nonpartisan Pew Research Center reported Thursday that a majority of Americans — 55 percent — are optimistic that Obama will eventually reduce the budget deficit. But that’s a smaller slice than the 61 percent of people who approve of him generally.
And according to a new New York Times/CBS News poll, 60 percent of Americans don’t believe the president has a strategy for dealing with the deficit.
Also, 58 percent in an NBC/Wall Street Journal poll want Obama to make controlling the deficit a higher priority than a speedy economic recovery. And, nearly half expressed a “great deal” of concern about the increase of government intervention in American life that Obama has overseen, from taking over companies to influencing corporate bonuses and seeking to add government-sponsored insurance to the health care system.
White House / Pete Souza