Public Pulse: Reducing the Debt

Public Pulse | January 29, 2013

The federal deficit last year was nearly $1.1 trillion, or more than $9,500 per U.S. household. According to Fox News, 49% of registered voters think lawmakers could eliminate that deficit if they got rid of waste and fraud. 42% think lawmakers will have to make painful decisions about taxes and spending in order to eliminate the national debt.

The U.S. spends more on military spending than the next 13 highest-defense spending countries combined. According to Associated Press/GfK in order to cut the federal budget deficit, 41% of adults would support cutting defense spending while 40% would oppose defense spending cuts.

Taxes went up on Jan. 1 for more than three-quarters of U.S. households. According to Gallup, 69% of adults say taxes have hurt their family’s finances.

The U.S. House has passed a bill that would keep lawmakers from collecting their pay until each chamber of Congress passes a budget. But it seems Americans want more. According to Rasmussen, 81% of likely voters feel members of Congress should take a 25% pay cut until the federal budget is balanced. Only 12% disagree.

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