Public Pulse: the next generation's financial future

Public Pulse | August 2, 2011

According to the Associated Press, 81% of adults are worried (55% very worried and 26% somewhat worried) the size of the national debt will affect their children and grandchildren’s financial futures.

According to Rasmussen, 80% of likely voters say any federal budget surplus should be used to pay down the national debt. Only 14% of likely voters think a budget surplus should go toward tax cuts while just 2% think a surplus should be used to increase government spending.

According to the Economist, 11% of adults think the economy is getting better; 46% say it is getting worse; and 36% say it is staying the same. According to the Associated Press, 33% of adults think the economy will be better in one year; 29% think it will get worse, and 27% say it will be about the same.

According to Pew, only 6% of adults have “a lot” of confidence in the federal government to make progress over the next year in solving the important issues facing the country. 33% have “some” confidence; 37% have “not much” confidence; and 22% have no confidence.

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42 Responses to Public Pulse: the next generation's financial future

  1. psychomagician says:

    I have no confidence in the Congress which controls the purse strings under the Constitution. I have read appropriations bills, and know exactly how closely the Congress directs spending. Appropriations are never a blank check for the Executive, despite some of the rhetoric heard in the last few weeks. The “Washington” problem is a Congress problem in which politicians vote for what is in their short-term interest (e.g., campaign contributions and re-election).

  2. psychomagician says:

    I have no confidence in the Congress which controls the purse strings under the Constitution. I have read appropriations bills, and know exactly how closely the Congress directs spending. Appropriations are never a blank check for the Executive, despite some of the rhetoric heard in the last few weeks. The “Washington” problem is a Congress problem in which politicians vote for what is in their short-term interest (e.g., campaign contributions and re-election).

  3. psychomagician says:

    I have no confidence in the Congress which controls the purse strings under the Constitution. I have read appropriations bills, and know exactly how closely the Congress directs spending. Appropriations are never a blank check for the Executive, despite some of the rhetoric heard in the last few weeks. The “Washington” problem is a Congress problem in which politicians vote for what is in their short-term interest (e.g., campaign contributions and re-election).

  4. incognito says:

    Who are the 2.9% idiots? Do they live in a cave?

  5. incognito says:

    Who are the 2.9% idiots? Do they live in a cave?

  6. incognito says:

    Who are the 2.9% idiots? Do they live in a cave?

  7. Unfortunately corporate career politics have taken over. Politicians only care for the people as much as we force them to. Their main focus is the enhancement of their careers and pushing the agendas of those that donated them into office. I fear that the only way to truly fix our government is either for the states to take it back or for the people to force a reset.

  8. Unfortunately corporate career politics have taken over. Politicians only care for the people as much as we force them to. Their main focus is the enhancement of their careers and pushing the agendas of those that donated them into office. I fear that the only way to truly fix our government is either for the states to take it back or for the people to force a reset.

  9. Unfortunately corporate career politics have taken over. Politicians only care for the people as much as we force them to. Their main focus is the enhancement of their careers and pushing the agendas of those that donated them into office. I fear that the only way to truly fix our government is either for the states to take it back or for the people to force a reset.

  10. Chilletti says:

    No confidence at all – Time to vote out all the Dems and RINO’s – only Fiscal conservatives need apply

  11. Chilletti says:

    No confidence at all – Time to vote out all the Dems and RINO’s – only Fiscal conservatives need apply

  12. Chilletti says:

    No confidence at all – Time to vote out all the Dems and RINO’s – only Fiscal conservatives need apply

  13. Hoosier says:

    In the meantime, our prez, who is in it for what he can get before his butt is kicked out, will continue to spend millions on his travel alone. I have NO confidence in this govt. as they are allowing a Marxist in the WH to take down this country.

  14. Hoosier says:

    In the meantime, our prez, who is in it for what he can get before his butt is kicked out, will continue to spend millions on his travel alone. I have NO confidence in this govt. as they are allowing a Marxist in the WH to take down this country.

  15. Hoosier says:

    In the meantime, our prez, who is in it for what he can get before his butt is kicked out, will continue to spend millions on his travel alone. I have NO confidence in this govt. as they are allowing a Marxist in the WH to take down this country.

  16. Rich Hurd says:

    “You can promise anybody anything in the world as long as you reserve the right to break that promise.”

  17. Rich Hurd says:

    “You can promise anybody anything in the world as long as you reserve the right to break that promise.”

  18. Rich Hurd says:

    “You can promise anybody anything in the world as long as you reserve the right to break that promise.”

  19. dawn says:

    until fiscally conservative, america loving reps are voted in in 2012, it will be more of the same b.s. I would like to see a few jim demint and rand paul wanna bes run and win

  20. dawn says:

    until fiscally conservative, america loving reps are voted in in 2012, it will be more of the same b.s. I would like to see a few jim demint and rand paul wanna bes run and win

  21. dawn says:

    until fiscally conservative, america loving reps are voted in in 2012, it will be more of the same b.s. I would like to see a few jim demint and rand paul wanna bes run and win

  22. Rick says:

    Liberal Democrats need to get out of Washington and stay out-they are clueless tax and spend idiots. We need fiscally responsible adults to fix our nations debt crisis. TEA PARTY!!!

    • This sort of comment is proof that we are all operating on a completely different set of “facts” -this is a first step in having a truly meaningful discourse. As long as FOXNewscorp continues to deliver untrue statements to its viewers and most of these viewers go nowhere else to find out the truth of our situation, then we will arrive at completely opposing viewpoints. First, let’s clean up our standards in the media, or find new outlets, then let’s all talk with long-term visions.

  23. Jim says:

    An interesting quote from Thomas Jefferson follows “If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteen being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; But be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers; And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on ’til the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering…and the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” Interesting lot; those Founding Fathers of this Nation; don’t you think?

  24. Rick says:

    Liberal Democrats need to get out of Washington and stay out-they are clueless tax and spend idiots. We need fiscally responsible adults to fix our nations debt crisis. TEA PARTY!!!

    • This sort of comment is proof that we are all operating on a completely different set of “facts” -this is a first step in having a truly meaningful discourse. As long as FOXNewscorp continues to deliver untrue statements to its viewers and most of these viewers go nowhere else to find out the truth of our situation, then we will arrive at completely opposing viewpoints. First, let’s clean up our standards in the media, or find new outlets, then let’s all talk with long-term visions.

  25. Jim says:

    An interesting quote from Thomas Jefferson follows “If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteen being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; But be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers; And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on ’til the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering…and the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” Interesting lot; those Founding Fathers of this Nation; don’t you think?

  26. Rick says:

    Liberal Democrats need to get out of Washington and stay out-they are clueless tax and spend idiots. We need fiscally responsible adults to fix our nations debt crisis. TEA PARTY!!!

    • This sort of comment is proof that we are all operating on a completely different set of “facts” -this is a first step in having a truly meaningful discourse. As long as FOXNewscorp continues to deliver untrue statements to its viewers and most of these viewers go nowhere else to find out the truth of our situation, then we will arrive at completely opposing viewpoints. First, let’s clean up our standards in the media, or find new outlets, then let’s all talk with long-term visions.

  27. Jim says:

    An interesting quote from Thomas Jefferson follows “If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteen being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; But be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers; And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on ’til the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering…and the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” Interesting lot; those Founding Fathers of this Nation; don’t you think?

  28. Jlb says:

    The goal as I see it is to bankurpt our country, and form a sociaist goverment

  29. Jlb says:

    The goal as I see it is to bankurpt our country, and form a sociaist goverment

  30. Jlb says:

    The goal as I see it is to bankurpt our country, and form a sociaist goverment

  31. Tonnalcb says:

    Until the conservatives can take over the Senate…and get back in the White House…I hold out no hope that our country will see a turnaround. 2012 can’t get her soon enough for me. We Tea Party Terriorsts (heehee) have to stick together and vote them all out. Clean House in 2012. I want a magnet for my car that says that. Clean House in 2012!

  32. Tonnalcb says:

    Until the conservatives can take over the Senate…and get back in the White House…I hold out no hope that our country will see a turnaround. 2012 can’t get her soon enough for me. We Tea Party Terriorsts (heehee) have to stick together and vote them all out. Clean House in 2012. I want a magnet for my car that says that. Clean House in 2012!

  33. Tonnalcb says:

    Until the conservatives can take over the Senate…and get back in the White House…I hold out no hope that our country will see a turnaround. 2012 can’t get her soon enough for me. We Tea Party Terriorsts (heehee) have to stick together and vote them all out. Clean House in 2012. I want a magnet for my car that says that. Clean House in 2012!

  34. Seth says:

    Congress is accomplishing nothing. We need to come together as Americans to be part of the answer. The Association to Reduce the National Debt (featured on CNN, Fox, and news stations across the country) is uniting Americans to help resolve the national debt crisis. This is an AMERICAN problem threatening ALL of us. Please join the Association’s efforts and help us save our nation. Find them on FB or the web, “like” them, consider making a donation, and help spread the word. WE THE PEOPLE HAVE TO SAVE OUR NATION BEFORE IT’S TOO LATE.

  35. Seth says:

    Congress is accomplishing nothing. We need to come together as Americans to be part of the answer. The Association to Reduce the National Debt (featured on CNN, Fox, and news stations across the country) is uniting Americans to help resolve the national debt crisis. This is an AMERICAN problem threatening ALL of us. Please join the Association’s efforts and help us save our nation. Find them on FB or the web, “like” them, consider making a donation, and help spread the word. WE THE PEOPLE HAVE TO SAVE OUR NATION BEFORE IT’S TOO LATE.

  36. Seth says:

    Congress is accomplishing nothing. We need to come together as Americans to be part of the answer. The Association to Reduce the National Debt (featured on CNN, Fox, and news stations across the country) is uniting Americans to help resolve the national debt crisis. This is an AMERICAN problem threatening ALL of us. Please join the Association’s efforts and help us save our nation. Find them on FB or the web, “like” them, consider making a donation, and help spread the word. WE THE PEOPLE HAVE TO SAVE OUR NATION BEFORE IT’S TOO LATE.

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