The threat of the “fiscal cliff” has sunk in — in the minds of the public, that is.
Most people surveyed say the impact of going over that cliff — the threat of automatic spending cuts combined with across-the-board tax increases at year’s end, unless Congress finds another course — would be “mostly negative for the economy” as well as for their own personal financial situation.
Six in 10 say so on both counts, in a Pew Research Center/Washington Post survey.
The public also is skeptical that President Barack Obama and congressional Republicans will reach an agreement by the end of the year . About half — 51 percent — say the two sides will not reach an agreement, while just 38 percent say they will.
People are poised to blame Republicans more than the president for failure: — 53 percent say Republicans will carry the responsibility for failure, if they do, compared with 29 percent saying Obama will bear the blame.
The survey of 1,000 people by the Pew Research Center for the People & the Press and The Washington Post was conducted Nov. 8-11.