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Terrifying Poll Shows How Republicans Are Just Willing To Let It All Blow Up

Sep 19, 2013, 19:55 IST

APThe Washington Post's Greg Sargent alerts us to a new WaPo/ABC poll that leads to a rather unprecedented conclusion - if there is a crisis over raising the debt ceiling, it'll come because Republican voters overwhelmingly want that crisis. And they want it even knowing that it could have disastrous consequences.

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The poll shows that overall, voters narrowly think, by a 46-43 margin, that Congress should raise the nation's debt limit before a mid-October deadline - perhaps underestimating the consequences of the last near-crisis.

Democrats (62-31) and Independents (48-46) believe the debt ceiling should be raised. But Republicans (25-61) are about as heavily against doing so as Democrats are in favor of it.

This is despite the fact that the vast majority of Republicans - and the vast majority of Americans overall - believe that not raising the debt ceiling would "cause serious harm" to the U.S. economy. By a 66-27 split, Republicans are aware that failure to lift the nation's borrowing limit could inflict serious consequences. Overall, 73% of Americans believe it will cause serious harm.

The poll is another sign of the overall confusion surrounding voters' opinions on raising the debt ceiling. Last week, a Wall Street Journal/NBC poll showed that 44% of Americans don't believe that Congress should raise the debt ceiling, while only 22% said it should.

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Economists agree that failure to raise the debt ceiling would be a catastrophe. And in addition to the stock-market plunge, credit-rating downgrade, and default, the costs of even a temporary delay are estimated at a whopping $20 billion.

Congress needs to raise the debt ceiling by mid-October. Right now, House Speaker John Boehner is urging President Barack Obama to negotiate - something Obama says he won't do.

Here's a chart from Langer Research, which conducted the poll, that outlines where voters overall stand on raising the debt ceiling:

Langer Research

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