Saturday, December 29, 2012
Like it or not, Americans seem resigned to tumbling over the “fiscal cliff.” Perhaps in part it’s because they recognize, as economist Lawrence Kudlow noted on a recent edition of What America Thinks, that it’s more of a fiscal slope.
Most voters still want to avoid the automatic tax hikes and modest spending cuts, but only 14% think Congress and the president are Very Likely to reach an agreement to avoid it. Voters by a 44% to 36% margin tend to blame congressional Republicans more than the president for the impasse, but 15% think both sides are to blame.
Despite all the hoopla surrounding the “fiscal cliff” negotiations, most voters nationwide expect a recession next year regardless of whether a deal is reached. Seventy percent (70%) predict recession if there’s no deal, but 54% think one is coming even if President Obama and Congress come to an agreement.
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