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Voters Say To Hell With Deficit Reduction, Help The Unemployed

First Posted: 07/14/10 07:57 PM ET Updated: 05/25/11 06:05 PM ET

Unemployment Deficit Poll

Two national polls released Tuesday revealed that registered voters think it's more important to help the unemployed than to reduce the deficit.

Voters are generally wary of government spending to boost the economy, but they nevertheless told ABC News and CBS News that the deficit is no reason not to help the unemployed.

Fifty-two percent of voters told CBS that Congress should extend unemployment benefits "even if it means increasing the budget deficit," including 35 percent of Republicans. Sixty-two percent of registered voters told ABC Congress should extend benefits despite concerns that doing so "adds too much to the federal budget deficit."

In a Bloomberg survey, 70 percent of voters said reducing unemployment is more important than reducing the deficit. But only 47 percent said Congress should reauthorize extended benefits, which in some states provided the unemployed with up to 99 weeks of checks.

A poll commissioned by the National Employment Law Project in June found that 74 percent of voters think helping the unemployed is more important than reducing the deficit.

Extended benefits for the long-term unemployed lapsed at the end of May because Republicans and some Democrats in Congress insisted that the cost of the jobless aid not be added to the deficit.

Though ABC notes that this issue "may be one place for Obama and the Democrats to try for traction," they haven't found it. During the past several weeks, Democrats in the Senate have been unable to muster the 60 votes they need to break a Republican filibuster, failing by just one vote in the most recent attempt. Senate Majority Leader Harry Reid (D-Nev.) said Wednesday that Democrats will try again on Tuesday, after the swearing-in of a replacement for the late Sen. Robert Byrd (D-W.Va.).

The poll results suggest that most voters agree with economist Mark Zandi, a former adviser to Sen. John McCain, who has argued that helping the unemployed is more important than deficit reduction in the short-term, and that nickel-and-diming the unemployed now could jeopardize the economic recovery.

Democrats, including Reid, have said several times in recent weeks that jeopardizing the recovery seems to be exactly what the GOP is trying to do. "It wouldn't do their electoral prospects any harm for there to be more economic misery in America before the election, let's put it that way," said Sen. Sheldon Whitehouse (D-R.I.).

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Two national polls released Tuesday revealed that registered voters think it's more important to help the unemployed than to reduce the deficit. Voters are generally wary of government spending to ...
Two national polls released Tuesday revealed that registered voters think it's more important to help the unemployed than to reduce the deficit. Voters are generally wary of government spending to ...
 
 
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HUFFPOST COMMUNITY MODERATOR
elfish
11:54 PM on 07/18/2010
That starts driving up the value of low quality stocks without any increase in the underlying value and that creates a bubble.

Bubbles always pop. That, in a n.ut shell, is the story of Republican economic policy.
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HUFFPOST COMMUNITY MODERATOR
elfish
11:54 PM on 07/18/2010
That starts driving up the value of low quality stocks without any increase in the underlying value and that creates a bubble.

Bubbles always pop. That, in a nut shell, is the story of Republican economic policy.
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HUFFPOST COMMUNITY MODERATOR
elfish
11:54 PM on 07/18/2010
When you run out of good investments, the money starts chasing bad investments. The stock brokers are only too happy to package up the bad investments and try to make them look good. Remember the bad loans that wall street was packaging during this crisis?
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HUFFPOST COMMUNITY MODERATOR
elfish
11:53 PM on 07/18/2010
aleakbar Wrote:

> The working class benefit more from tax cuts for the wealthy
> than more unemployment checks.

That is incorrect. When you cuts taxes or increase the income of the poor/middle class, the money is spent immediately, putting it back in circulation.

When you cut taxes or increase the income of the Rich it goes into the stock market, which tends to create bubbles.

There are only so many good investments in the stock market. When lots of money flows into the stock market you get lots of money chasing a few good investments.
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HUFFPOST COMMUNITY MODERATOR
elfish
11:53 PM on 07/18/2010
aleakbar Wrote:

> The working class benefit more from tax cuts for the wealthy
> than more unemployment checks.

That is incorrect. When you cuts taxes or increase the income of the poor/middle class, the money is spent immediately, putting it back in circulation.

When you cut taxes or increase the income of the Rich it goes into the stock market, which tends to create bubbles.

There are only so many good investments in the stock market. When lots of money flows into the stock market you get lots of money chasing a few good investments.

When you run out of good investments, the money starts chasing bad investments. The stock brokers are only too happy to package up the bad investments and try to make them look good. Remember the bad loans that wall street was packaging during this crisis?

That starts driving up the value of low quality stocks without any increase in the underlying value and that creates a bubble.

Bubbles always pop. That, in a nut shell, is the story of Republican economic policy.
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HUFFPOST SUPER USER
claudiam
Proud Arizona Democrat
11:49 AM on 07/18/2010
Good article. Thanks for the information. claudiatucsonaz
09:38 AM on 07/18/2010
Wall Street messed up, big time. The government has to make them follow regulations - like every other profession. Doctors, Lawyers, Scientists all have regulations they have to follow - so do banks!!

The reason they won't invest their "profits" is because they are being brought into line at long last and so they are behaving like spoilt children. kicking their heels and refusing to do anything to improve things. because they can't take the RISK???

are you kidding me????? That's how we got here isn't it?

Banks taking crazy risks for YEARS!!!!
Oh but you can't take any now - that might grow the economy by making jobs -
because it's TOO RISKY??

GIve me a break!

Wall Street? I suggest things might be serious enough now that you need to grow up!”
HUFFPOST SUPER USER
3neuticals
06:26 PM on 07/16/2010
Ah. Alexander Tytler strikes again:

"Democracy—A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over a loss of fiscal responsibility, always followed by a dictatorship. The average of the world's great civilizations before they decline has been 200 years. These nations have progressed in this sequence: From bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to selfishness; from selfishness to complacency; from complacency to apathy; from apathy to dependency; from dependency back again to bondage."
HUFFPOST SUPER USER
mjelwin
03:02 AM on 07/17/2010
This quote isn't officially attributed to Tytler (http://en.wikipedia.org/wiki/Alexander_Fraser_Tytler). Also, we have a republic not a democracy (ancient Greece had a democracy).
HUFFPOST SUPER USER
3neuticals
11:41 AM on 07/17/2010
I am aware of the convolution, yet for all intents and purposes this is best known and parlayed as Tytler's Cycle. And here is a better article on the issue: http://www.lorencollins.net/tytler1.html

As for our form of government- it may be a republic in mythical terms, just as Rome was for as brief a period of time (50....maybe 100yrs?), but it is a democratic oligarchy for all practical purposes and has been for quite some time. And after reading The Creature From Jekyll Island, many would argue something even worse.
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4TJefferson
Promote the General Welfare
02:27 PM on 07/17/2010
We, The United States, are a Republic; not a Democracy.
HUFFPOST SUPER USER
3neuticals
03:18 PM on 07/17/2010
Look up 'democratic oligarchy' and then honestly tell me that we better represent a republic.
05:09 PM on 07/16/2010
The key here is to reform our congress with commensense people which contribute to the solutions of the problems within our United States by eliminating the parties and and join together as one (United) too come to a solution conscience reform by the people as a whole to stop the internal nonsense and theft of our nations Character and Integral standings throughout the world.
I propose that we all start to submit possible solutions to our crisis instead of adding to the problem.I have not heard one alterative solution offered within these pages.
We are the people of this great nation and we are too busy looking for a hero when the answers to our own problems are right before us.Lets change the system to benefit all by offering solutions.If you have a solution then lets hear it.We can ask all the questions we want but if we don't have the answer ourselves how can the importance of the question be viable?
Lets use the system like we always have. No election at the polls means unemployment for them.I believe all 536 of them need to be replaced with no chance for re-election or unemployment benefits due to lack of production and performance,no severance or any other benefit.Lets Get something started in the right direction.Because whats going on now isn't geting it done.It really doesnt matter how we got into it.Lets get out of it by holding them accountable.
HUFFPOST SUPER USER
Dee Turner
04:24 PM on 07/16/2010
To "all non-people of color", I, a retired worker, who's worked since 16 yrs old, with siblings
and classmates of similar or still working, "PLEAD WITH YOU", TO TELL YOUR FAMILY,
FRIENDS, CO-WORKERS AND CHURCH COMMUNITIES, THE REBUPLICANS WITH HELP
MATES SARAH, HANITY, BECK, AND LIMBAURGH ARE PURPOSELY TRYING TO INCITE
A RACE WAR, FOR THE SOLE PURPOSE OF AVERTING YOUR ATTENTION TO FEARING
OF PEOPLE, WHO HAD NOTHING TO DO, NOR WERE IN THE OFFICES OF THE PEOPLE
IN CHARGE WHEN SENDING YOUR JOBS AWAY, STEALING YOUR MONEY FROM 401K,
AND OTHER FINANCIAL RESOURCES. RIGHT NOW, NON-PEOPLE OF COLOR ARE
BEING HELD HOSTAGE OF FOOD, RENT MONEY ECT... STAND WITH US! AND MARCH,
'"TOGETHER WE WILL TAKE OUR COUNTRY BACK!" FROM DIVERSIONARY TATICS
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HUFFPOST SUPER USER
greihing
02:36 PM on 07/16/2010
61% of Americans polled wanted a public option - they didn't get it.
75% of Americans polled wanted the government to let the banks fail - they didn't get it
Majority of Americans wanted Congress to reduce the size of banks - they didn't get it
Majority of Americans wanted a renewal of unemployment benefits - they didn't get it

George Carlin was right when he said that we have the "illusion of a democracy".

Anyone out there really believe that we have a representative government in this country?
This user has chosen to opt out of the Badges program
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JaxReader
Hear reason, or she'll make you feel her.
07:24 PM on 07/16/2010
We do have a representative government. we are just no longer the ones it represents. Corporations are people too... aren't they? Well, our kids will grow up thinking that they are anyway...
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HUFFPOST SUPER USER
crazyquiltmom
07:38 PM on 07/16/2010
The SCOTUS said corporations are people or should have the same right of free speech as individuals do.
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4TJefferson
Promote the General Welfare
02:29 PM on 07/17/2010
60% of Americans wanted slavery before the Civil War - did they keep slavery?
HUFFPOST SUPER USER
3neuticals
04:20 PM on 07/17/2010
Though I get your sentiment, to say that "60% of Americans wanted slavery" is diversionary and ultimately dishonest....just as dishonest as saying that the Civil War was about slavery. It wasn't.
08:47 AM on 07/19/2010
Please cite a reference.
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HUFFPOST SUPER USER
spiegelp
01:04 PM on 07/16/2010
Unemployemet benefits add to the economy. By helping the unemployed sustain themselves, their spending generates grwoth. Business remains viable with contributions to the economy. Eliminating unemployment benefits hurts the economy. And as for the deficit, aren't all working Americans paying "premiums" into unemployment insurance? haven't we been for years? The republs refuse to account for that fact. They are like the helath insurance compaines who cut helath beefits because you are sick. And why are we paying premiums? certainly not to be ripped off by republicans. These are not entitlement payments, it is an insurance policy against Republican supply side economics. Once agin, Repubs try to profit from the havock THEY caused on the economy.
madisgp
All we-we'd up.
04:00 PM on 07/16/2010
fanned.
This user has chosen to opt out of the Badges program
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JaxReader
Hear reason, or she'll make you feel her.
12:23 PM on 07/16/2010
But I thought the GOP said the unemployed are just lazy and unmotivated and that America doesn't want to have to support them? You don't think the GOP is not working for the benefit of the nation, do you?
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HUFFPOST SUPER USER
booker52
avid reader
11:07 AM on 07/16/2010
Reid needs to tell the senate no Aug break. Wanna filibuster?? Then do it. Make the GOP filibuster, make them stand up and tell the nation why they are such asses. Tell the general public why they would give money to banks, but not to them.
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JaxReader
Hear reason, or she'll make you feel her.
12:22 PM on 07/16/2010
Absolutely.
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HUFFPOST SUPER USER
JeffreyGold
Senator Jeffrey Gold (I)
08:40 AM on 07/16/2010
The same standard---not adding to the deficit---should apply to extensions of the war. Oh, I'm sorry, did I just exemplify the intellectual dishonesty of the Republicans? The Democrats don't want to take the money out of the stimulus package. Oh, I'm sorry, did I just exemplify the hypocrisy and intellectual torpor of the Democrats?