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  • Pew: Americans Have Little Will to Cut Spending

    The Pew Research Center released a new national poll on Friday and the results are quite surprising. As the March 1 deadline for a possible budget sequester approaches, the new Pew survey finds limited public support for reducing spending for a wide range of government programs, including defense, entitlements, education and health care.

    What the latest Pew poll shows is that while a majority of Americans say in various polls that they are in favor of smaller government, when it comes to specific spending cuts, they are opposed. The will to cut government spending is just not there. We’ll look at excerpts from the new Pew poll just below.

    We’re just three days away from the dreaded “sequester” that will cut federal programs across-the-board starting on Friday. The Republicans continue to refuse to bow to President Obama’s demands for more new taxes on the “wealthy” in return for a deal to avoid the sequester. But is the sequester really as bad as Obama says? The answer is NO. I’ll tell you why.

    The minutes of the Fed’s January 29-30 policy meeting were released last Wednesday and caused quite a stir in the stock markets. Basically the minutes revealed that some members of the Fed Open Market Committee are becoming concerned about the Fed’s continued record- large purchases of Treasury bonds and mortgage-backed securities. Some feel this program needs to be scaled back or ended altogether. This is very important so be sure to read it.

    Finally, I want to let you know about a new Special Report I have written entitled, “7 Secrets of Successful Investors.” This Report doesn’t dwell on generalizations or old sayings, but rather actual habits of successful investors I have known. To receive this Special Report CLICK HERE. There is also a link to this Special Report at the end of today’s letter.

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