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POLL: AMERICANS FAVOR BIDEN-MCCARTHY DEBT COMPROMISE, OPPOSE FAR-RIGHT PUSH FOR
DEEPER CUTS

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 * Joe Biden
   
 * Kevin McCarthy
   
 * 

Andrew Romano
·West Coast Correspondent
Wed, May 31, 2023 at 3:11 PM EDT·3 min read

In this article:
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 * Joe Biden
   46th and current president of the United States
   
 * Kevin McCarthy
   American politician, 55th Speaker of the United States House of
   Representatives
   



House Speaker Kevin McCarthy speaking to reporters on Wednesday. (Mandel
Ngan/AFP via Getty Images)

Just 17% of Americans agree with right-wing Republicans who insist Congress
should let the U.S. default on its loans rather than raise the debt ceiling
without deep spending cuts, according to a new Yahoo News/YouGov poll.

Instead, the public favors — by a 2-to-1 margin — the sort of bipartisan deal
struck over the weekend by President Biden and GOP House Speaker Kevin McCarthy.
That deal, which includes smaller spending freezes and reductions in exchange
for a two-year debt-ceiling hike, is now moving through Congress despite
objections from the far-right House Freedom Caucus.

The Yahoo News/YouGov survey of 1,520 U.S. adults was conducted from May 25 to
30, both before and after Biden and McCarthy announced their agreement. As such,
it inquired about Republicans’ initial demands for “deep cuts” — and subsequent
negotiations over “smaller” cuts — rather than the specifics of the
Biden-McCarthy plan.



When asked how they would feel about “President Biden and GOP House Speaker
Kevin McCarthy agreeing to smaller spending cuts in order to raise the debt
limit, which could be approved with a combination of Democratic and Republican
votes,” a clear consensus emerges across party lines.



Overall, twice as many Americans say they would favor such a compromise (43%) as
say they would oppose it (21%). And while Democrats were the most positive group
(by a 54% to 17% margin), both independents (41% to 20%) and Republicans (43% to
28%) also expressed more support than opposition.

The survey shows similar results to follow-up questions about how House
Republicans should react if Biden “refuses to accept deeper Republican spending
cuts” (which is effectively what the president did after the House GOP passed
its own spending bill last month). In response, a full 56% of Americans say
Republicans should either agree to smaller cuts that can pass with Democratic
and Republican votes (36%) or agree to raise the debt limit without any spending
cuts at all (20%).

Story continues

Minority favors default

Only a small minority (17%) say the GOP should let the U.S. default on its
loans. Even among Republicans, just 27% would support a default in this
scenario. Nearly twice as many would favor smaller cuts (41%) or a clean
debt-limit hike without belt-tightening (9%).



Nonetheless, Freedom Caucus leaders are currently “attempting to shoot down the
agreement ... just days before the country is headed for default,” according to
the New York Times — and “float[ing] the idea of calling for McCarthy’s removal”
as their plan B.

“If we can’t kill it, we’re going to have to regroup and figure out the whole
leadership arrangement again,” Rep. Chip Roy,R-Texas, said Tuesday.

The Yahoo News/YouGov poll suggests these moves would be unpopular. Though the
debt ceiling remains a remote and confusing issue for many Americans, more than
twice as many recognize that regular votes to raise the limit are intended “to
allow the federal government to pay for spending that Congress has already
authorized” (48%) rather than “to authorize new spending” (22%).

And while 39% favor and 33% oppose “raising the U.S. debt limit” when asked for
their opinion without any additional context, those numbers look very different
when other respondents are told that “bipartisan majorities” have “routinely”
raised the debt limit “for the last century” in order “to avoid defaulting on
America’s past loans — and potentially triggering a global financial crash that
could cost millions of U.S. jobs and trillions in stock market losses.”

In that case, 49% favor raising the limit while just 22% oppose raising it.

Right now, Americans blame Republicans (37%) roughly as often as Democrats (35%)
for the “current gridlock in Congress.” And exactly the same number (36%) blame
Biden as blame McCarthy. The question now for the House GOP is whether they will
accept a broadly satisfactory “tie” on the debt ceiling — or whether they want
to risk something far worse.

____________

The Yahoo News survey was conducted by YouGov using a nationally representative
sample of 1,520 U.S. adults interviewed online from May 25 to May 30, 2023. The
sample was weighted according to gender, age, race, education, 2020 election
turnout and presidential vote, baseline party identification and current voter
registration status. Demographic weighting targets come from the 2019 American
Community Survey. Baseline party identification is the respondent’s most recent
answer given prior to March 15, 2022, and is weighted to the estimated
distribution at that time (32% Democratic, 27% Republican). Respondents were
selected from YouGov’s opt-in panel to be representative of all U.S. adults. The
margin of error is approximately 2.7%.





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 * THE HOUSE JUST PASSED MCCARTHY AND BIDEN'S DEBT-CEILING DEAL, BRINGING THE US
   ONE STEP CLOSER TO AVOIDING A DEFAULT IN A MATTER OF DAYS
   
   
   INSIDER

 * HOW THE DEBT CEILING BECAME A GAME OF POLITICAL CHICKEN THAT CONTINUES TO
   THREATEN OUR ECONOMY
   
   
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 * SENATE RACING TO VOTE ON THE DEBT CEILING DEAL AS SOON AS THURSDAY NIGHT
   
   
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