An NBC/Wall Street Journal poll released this morning shows that 44 percent of Americans are opposed to raising the federal debt ceiling (see HERE), which comes as no surprise given the political dynamics of the situation.
This issue has arisen again with a deadline looming next month, after which the government would default on its debts if the ceiling is not raised. In that event, a fiscal disaster would ensue.
But, as was the case the last time we faced this problem, lots of Americans simply don’t understand the fundamentals of the matter. They seem to think that raising ...