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Poll: US Politicians after Own Interests

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TEHRAN, July 19 (ICANA) – The majority of Americans believe that US politicians are prioritizing their political interests over the country's national interests in the ongoing debt ceiling impasse, a new poll reveals.
Tuesday, July 19, 2011 2:03:08 PM
Poll: US Politicians after Own Interests

According to a USA Today/Gallup Poll released on Monday, at least two-thirds of Americans say Democrats and Republicans are seeking political interests, not national interests, in the heated negotiations over the US debt limit.

The two major American parties have been arguing on how to prevent a debt default in the United States as the August 2 deadline, when the government is said to face a default on its financial obligations, approaches.

The White House has threatened to veto a Republican plan for federal spending if Congress approves it.

Half of 1,016 adults surveyed nationwide in the poll opined that US President Barack Obama and Congress have been acting worse than their predecessors in dealing with the nation's problems.

"They are not listening to the American people," said Carey Lefkowitz, a 32-year-old Democrat from Los Angeles.

In addition, the poll found that Americans are split on the urgency of the looming debt crisis, with the majority of those polled wanting their representatives to vote against raising the federal debt limit.

The majority of respondents are also concerned about the potential government decision to raise the debt ceiling without cutting down on future spending, while 56 percent of them anticipate an economic crisis.

This is while Moody's Investors Service, a famous credit ratings agency, has placed the US triple-A rating on review for a possible downgrade over concerns that the debt threshold would not be raised in time to prevent a missed payment of principal (amount owed) and interest on outstanding bonds and notes.

Federal Reserve Chairman Ben Bernanke recently warned that a global financial crisis could take place if the US debt ceiling is not raised by its August 2 deadline.

The United States hit its borrowing limit of $14.3 trillion on May 16, up from $10.6 trillion when Obama took office in 2009.

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