75% Think Debt Ceiling Deal Is Likely
The U.S. government will reach its current $16.4 trillion debt ceiling some time next month, but despite the current political posturing most voters think a deal to raise that ceiling is likely.
The latest Rasmussen Reports national telephone survey finds that 75% of Likely U.S. Voters believe it is at least somewhat likely that the debt ceiling will be raised before the government begins to default on its debts. Just 13% feel that's unlikely. This includes 42% who think the debt ceiling is Very Likely to be raised and four percent (4%) who say it's Not At All Likely. Thirteen percent (13%) are not sure. (To see survey question wording, click here.)
As noted in Scott Rasmussen's book, The People's Money, the actual debt of the federal government is much higher than $16 trillion. However, the formal borrowing of $16.4 trillion is the only portion of the debt requiring Congressional action to increase.
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The national survey of 1,000 Likely Voters was conducted on January 9-10, 2013 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Fieldwork for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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