BUSINESS

Voter Ignorance Threatens Deficit Reduction

02/05/2011 10:53 am ET | Updated May 25, 2011

It is a well-known fact among budget analysts that Americans have long had cognitive dissonance about government spending. They say they want it cut and for government to be smaller. But when questioned about specific programs, people mostly oppose cutting just about anything and often favor increases. Foreign aid is the only program that they consistently favor cutting, perhaps because they grossly overestimate its share of the budget. Recent polls confirm these observations and raise serious questions about whether there is any possible way of getting the political support for reducing the deficit and stabilizing the debt.

Read more on thefiscaltimes.com

Suggest a correction