- Two in three say that defaulting on the national debt would be worse than raising the debt limit.
- As half continue to hear about it, a majority support the Inflation Reduction Act.
- About one in four rate the economy negatively but believe the U.S. is not in a recession at all or believe it is coming out of one. This group reports paying more for gas and groceries in recent weeks, but overwhelmingly supports the Inflation Reduction Act.
Nearly Two in Three Say Defaulting on the Debt Is Worse Than Raising the Debt Ceiling, With and Without Explanation
Explaining that a default “would have catastrophic impacts on families, veterans, seniors, and the economy as a whole” boosts the share of Republicans who say a default would be worse (net +14, compared to net +0 with no explanation).
Half of Americans Support Raising the Debt Ceiling
A majority of Democrats (67% support) and two in five independents (41%), along with majorities or pluralities of every racial group, support raising the debt ceiling. Only Republicans oppose raising the debt ceiling (net -30 support).
Three in Four Americans Rate the Economy Negatively, While Nearly Two in Three Say the U.S. Is in a Recession
Majorities of independents (58%), Republicans (67%), and white Americans (57%) say the economy is currently in a recession and headed deeper into one, while a plurality of Democrats (45%) disagree the economy is in a recession.
The Inflation Reduction Act Continues to Be Supported By Two in Three Americans, As Half Report Hearing About It
The Inflation Reduction Act remains supported by an overwhelming majority of Democrats (89% support), a majority of independents (62%), and more than two in five Republicans (44%).
Recession Skeptics Who Rate the Economy Negatively Report Paying More, But Support the Inflation Reduction Act
The 26% of Americans who hold negative views of the economy but say the U.S. “is not in a recession” or “is coming out of a recession” resemble the general public on party identification and ideology; they are slightly more likely to have voted for Biden (net +8 Biden) and to support the Inflation Reduction Act (net +49 support), but report “paying more” for gas (net +43) and groceries (net +73) in recent weeks.
About The Study
Global Strategy Group conducted public opinion surveys among a sample of 1,003 registered voters from April 6-April 10, 2023. 100 additional interviews were conducted among Hispanic voters. 75 additional interviews were conducted among Asian American and Pacific Islander voters. 100 additional interviews were conducted among African American voters. 101 additional interviews were conducted among independent voters.
