The number one issue in America continues to be the economy, according to one-third of likely voters in a Scott Rasmussen National Survey. Polling shows after inflation and the economy, subsequent national issues include war, immigration, and American politics.
Recent news reports affirm the growing fiscal crisis in America:
- Axios: Household childcare costs have spiked more than 30% since 2019
- Redfin: Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home. That’s About $40,000 More Than the Typical American Household Earns.
- Bloomberg: US Debt Interest Bill Rockets Past a Cool $1 Trillion a Year
- Heritage: Growing spending is the problem.
Growing spending is the problem. pic.twitter.com/3u7Z6PWNIH— Heritage Foundation (@Heritage) November 6, 2023
As the nation battles 40-year high inflation, the national debt exceeded $33 trillion in September. Now standing at $33.7 trillion, the U.S. is on track to hit the $34 trillion mark by the new year. Government spending has become so heightened that the national debt is expected to rise above $50 trillion in the next ten years.
To address the growing deficit, 65% of registered voters would opt to cut federal spending, while about 14% would rather increase taxes than slash spending, The Center Square Voters' Voice Poll finds.
“Such irresponsibility is how a nation builds a fiscal bomb. Bidenomics, perhaps best defined as the government spending, borrowing, and printing too much money, not only made the bomb larger, but also caused inflation, which forced up interest rates. That was the match that lit the fuse,” wrote EJ Antoni, a Research Fellow at The Heritage Foundation. “Absent spending reform, eventually no one will be willing to hold the bomb anymore, and the yields on U.S. debt will begin to resemble those in Argentina. That’s when the bomb detonates.”
The fiscal crisis won’t be solved from within. The states can be the solution by calling for an Artice V convention to hold the federal government to account.
This Counterpolling™ survey of 1,000 Registered Voters was conducted online by Scott Rasmussen on November 1-2, 2023. Field work for the survey was conducted by RMG Research, Inc. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.
The margin of sampling error for the full sample is +/- 3.1 percentage points.
This survey was paid for by RMG Research, Inc. as part of the service provided for our Gold Circle Members.