GALLUP POLL – YOU MEAN PEOPLE ACTUALLY WORRY ABOUT THE DEBT? AND TERRORISM?
Posted by Andrew Roman on June 11, 2010
We should fear large corporations – those soulless, money-hungry rapists of all that is decent, upstanding and pure, those bastards.
We should recognize that discrimination against minority groups is not only a major problem in this country, but that it could very well be the single most destructive force in America today.
We should understand that the very existence of humanity hangs in the balance due to the perils of global warming and environmental-health ignorance.
And we had better be willing to admit that the ungoing battles against overseas contingency brigades in Afghanistan and Iraq are tearing this nation apart.
Or should we?
According to a Gallup poll, these four topics come in dead last (out of ten) on the list of things Americans fear today.
“How serious of a threat to the future of the United States do you consider the following…” The results are clear: Americans judge the national debt on par with terrorism as the top threat facing the nation. Further, independents – a crucial constituency during an election year – believe the debt to be the single most threatening issue facing the country, even topping terrorism.
A quick analysis of the numbers reveals why the public is alarmed. Today debt held by the public stands at approximately $8.6 trillion, up from around $7.5 trillion less than a year ago. Over the past 30 years, debt held by the public has averaged about 39.4 percent of gross domestic product, and last year stood at 53 percent, the highest since 1955. Unfortunately, instead of taking swift actions to address the worsening problem, Congress and the White House have chosen to double down on the unrestrained spending policies of the past. Obama’s budget (the only budget available because Congressional Democrats refuse to draft one this year) sees debt held by the public hitting 90 percent of GDP by 2020.
What would the percentage have been had one of the choices been “Barack Obama?”