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Fiscal Policy

Over three-fourths of respondents felt current policy is too stimulative, up from 63% half a year ago, while only 6% believe it is too tight. An even greater percentage (80%) of respondents believe fiscal policy should become more restrictive, but only 34% believe fiscal policy will tighten, while 31% believe it will become even looser. 39% of respondents felt it was very important to get the deficit in balance before the baby boom retires, while 34% said it was somewhat important.

Panelists Views on Fiscal Policy
(Percent reporting)

  Current fiscal policy is:   Fiscal policy should be in two years: Fiscal policy is expected to be in two years:
  Mar 04 Mar 05   Mar 2004 Mar 2005 Mar 2004 Mar 2005
Too Stimulative 63 76 Tighter 80 80 37 34
About right 28 17 Same 15 11 41 34
Too tight 6 6 Looser 4 9 20 31

Survey Summary
Greatest Short-term Risk to US Economy
Greatest Long-term Challenges to US Economy
Strengths in the US Economy
Monetary Policy
Fiscal Policy
Detailed Answer File
Print Version of Report