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Thursday, August 4, 2011

Public Gives Debt Deal Low Marks

“The hard-won, last-minute agreement to raise the debt ceiling and cut the deficit gets low ratings from Americans, who by more than 2-1 predict it will make the nation’s fragile economy worse rather than better. In a USA TODAY/Gallup Poll taken hours after the Senate passed and President Obama signed the deal, 46% disapprove of the agreement; 39% approve. Only one in five see it as a step forward in addressing the federal debt…. Though Tea Party conservatives succeeded in setting the parameters of the deal, supporters of the Tea Party are among those most unhappy with the outcome: 22% of Tea Party supporters approve of the agreement, compared with 26% of Republicans and 58% of Democrats.” (USA Today)

Do they know why it’s a serious mistake?

FEE Timely Classic
“John Maynard Keynes, R.I.P.” by Richard B. McKenzie