A plurality of the 220 panelists queried between July 18 and Aug. 5 said a mix of spending cuts and tax increases is the best solution, while 32 percent called for a focus on spending cuts and 20 percent called for stimulus policies as the solution.
A 70 majority of those surveyed by the NABE said that current fiscal policy — which has seen taxes rise in January and $80 billion in automatic spending cuts go into effect in March — is either too restrictive or about right and only 21 percent saying there is too much stimulus.
A large majority of the economists want Washington to figure out a path forward. Sixty-eight percent said that uncertainty over fiscal policy is holding the economy back.
A government shutdown looms Oct 1. unless Congress and Obama can agree on a temporary stopgap spending bill. Later in the month, the nation’s debt ceiling will likely need to be raised. On both issues, neither side has yet produced a proposal that can swiftly be enacted.