More Blame Wars than Domestic Spending or Tax Cuts for Nation's Debt. Jobs Are Top Economic Worry, Deficit Concerns Rise.
Far more Americans say that the cost of the wars in Iraq and Afghanistan has contributed a great deal to the nation’s debt than say that about increased domestic spending or the tax cuts enacted over the past decade.
Six-in-ten (60%) say the cost of the wars in Iraq and Afghanistan has contributed a great deal to the size of the debt. About four-in-ten (42%) say the same about the condition of the national economy.
By comparison, just 24% say increased spending on domestic programs has contributed greatly to the nation’s debt and even fewer (19%) cite the tax cuts enacted over the past decade. While half or more say spending and the tax cuts contributed at least a fair amount to the debt, 31% say increased domestic spending did little or nothing to increase the debt and 38% say the same about the tax cuts.
The latest national survey by the Pew Research Center for the People & the Press, conducted May 25-30 among 1,509 adults, finds widespread opposition to number of proposals aimed at reducing the deficit and the national debt, including reducing funding for the states for education and roads (73% disapprove) and gradually raising the Social Security retirement age (59%).
However, several deficit-reduction proposals attract majority support, aside from the traditionally popular idea of reducing U.S. assistance to foreign countries (72% approve of this proposal. Two-thirds (67%) approve of making more of high earners’ income subject to Social Security tax, and nearly as many approve of raising taxes on incomes of over $250,000 (66%), reducing military commitments overseas (65%) and limiting tax deductions for large corporations (62%). Notably, Republicans (62% approve) are as likely as Democrats (58%) to approve of limiting corporate tax deductions; while 63% of Democrats approve of reducing foreign military commitments, 56% of Republicans agree.