With dramatic, across-the-board "sequestration" cuts slated to take effect Friday, most Americans believe the consequences of those reductions will have a "major effect" on the state of the U.S. economy, according to a new poll by Pew Research Center/Washington Post. But even as Americans overwhelming express negativity over how those cuts would impact the nation's economy, the same survey indicates a sense of public fatigue over this latest in a series of dramatic fiscal debates coming out of Washington: Only 1 in 4 Americans say they're following the story closely.
According to the poll, which surveyed 1,000 people between Feb. 21-24, 62 percent of the public believes the sequester's effect on the economy would be mostly negative, while 18 percent thought it would be mostly positive. Twenty-one percent said it would have no impact or that they didn't know. Six in 10 Americans, meanwhile, think the impact of the cuts on the economy would be "major"; 55 percent say the same of sequestration's impact on the military, and 45 percent say so of the budget deficit.
Fewer—30 percent—say the impact on their personal finances would be "major," while 40 percent say the looming cuts would impact their finances in a minor way.
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