The headlines at U.S. newsstands say it all…
“Uneasy House OK’s Debt Deal”
“Tea Party Sees No Triumph in Compromise”
“Debt Deal: Now What?”
That’s the question being asked by skeptical Americans in New York’s Times Square.
The agreement made in Washington to cut more than $2 trillion in spending and raise the amount the U.S. government can borrow is getting far from a resounding thumbs up by average citizens.
- Citizen # 1: “If they didn’t it would be like the economy having a stroke, so you can’t let that happen, so unfortunately you have to raise it a little. Hopefully, they restructure the tax code completely in the next seven or eight years.”
- Citizen #2: “It’s a Band-Aid, in my opinion, yeah. But I don’t think they could have come to anything given the time they left themselves. I don’t think they could have done any better.”
- Citizen #3: “It’s just a joke. Nothing’s going to stop them from spending money. All the money that they’re spending equates to votes for them, so why would they.”
Some are apparently not happy that the U.S. debt clock will continue to tick-tock, with the debt ceiling now ready to be lifted beyond the current $14.3 trillion.
Bottom line: Average U.S. citizens walking through New York’s Times Square expressed skepticism as a deal to lift the U.S. debt ceiling makes its way through Congress.