From the Wall St Journal via Yves Smith at nakedcapitalism. Self explanatory.
It seems that the efforts of the austerians to cow the public into cutting Social Security and Medicare are not getting traction. And Tea Party adherents are breaking with the Republican party line on this issue.
From the Wall Street Journal:
Less than a quarter of Americans support trimming Social Security or Medicare to tackle the country’s budget deficit, according to a new Wall Street Journal/NBC News poll that illustrates the challenge facing lawmakers seeking voter support for altering entitlement programs.
The poll, conducted between Feb. 24 and 28, found strong opposition for cuts to these entitlement programs across all age groups and ideologies. Even tea party supporters, by a nearly 2-to-1 margin, declared cuts to Social Security “unacceptable.”….
The survey also found a sharp uptick in desire for the government to do more “to help meet the needs of people.” Just over half of people in the survey backed more government involvement, the highest percentage since February 2009, just after President Barack Obama’s inauguration.
Hhm….Obama is moving to the right as the country is moving to the left. But, as Tom Ferguson first described in his book Golden Rule and has since become blindingly obvious, powerful investors dominate party politics. Thus unless the trend towards a positive view of government promoting social aims progresses, it won’t affect the state of play in the Beltway.