American Morning

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October 14th, 2011
01:19 PM ET

How the recession is affecting American attitudes on debt

Ron Brownstein's new Allstate/National Journal Heartland Monitor survey was released this morning. The poll raises the question: Are American attitudes towards the government and money changing to as great of a degree as they did during the Great Depression?

"The big takeaway is that while debt is more a chronic than acute concern for most people, we are seeing a broad movement in public attitudes toward enormous concern about both public and private debt-and a sense that the country has to focus on paying down debt despite the warnings from many economists that if government and families alike simultaneously tighten their belts, it will deepen and lengthen the downturn by squeezing buying power from the economy," Brownstein says.

This morning on American Morning, Christine Romans talks to Ron Brownstein about the findings and how this will impact the 2012 presidential election.

Filed under: Economy
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