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WASHINGTON, D.C. -- Recent polling by Scott Rasmussen has indicated that a majority of voters believe that cutting government spending is good for the economy, while a far lesser minority believe it would benefit the economy. A majority of voters also believe that cutting government spending leads to less inflation. A minority of Americans are also confident that they will have enough money to last throughout their retirement years.
President Biden arrived in the White House in January, 2021 with the belief that he would be the most transformational U.S. president since FDR. What this really meant was to transition the U.S. to a “cradle to grave” welfare state made possible by massive increases in federal spending. Biden and Congressional Democrats thought they had a mandate to spend our way out into prosperity. Reality suggests otherwise. Inflation has soared to the highest levels in nearly four decades partly as a result of reckless spending packages, yet Democrats still want to spend more.
Inflation has hit Americans in the pocketbook, and it is no wonder that a majority of Americans now believe that cutting spending is the key to a healthy economy--a view which economic conservatives have long held. It should also come as no surprise that a minority of Americans are confident that they will have enough money to last throughout their retirement years. After all, Americans living on savings and fixed incomes will continue to be hit the hardest so long as inflation lingers.
Does this polling suggest that we could be on the verge of another watershed moment in favor of fiscal responsibility? One should hope so, for the sake of American families trying to make ends meet and the health of the American economy, overall.
Key insights from the polling are as follows: