The lack of basic understanding of Economics by average Americans, never fails to astound me. (As does the failure of the Media to educate the public on Economics too.)
Here's a perennial case in point:
44% Of America Literally Has No Idea How The Economy Works
by Brett LoGiurato, BusinessInsider.com -- Sep. 13, 2013
A new Wall Street Journal/NBCpoll shows that 44% of Americans don't believe that Congress should raise the debt ceiling -- a troubling sign that suggests a large chunk of Americans don't understand the consequences that would come from that decision.
[...]Boehner and other Republicans want to use the mid-October deadline to extract some concessions from the administration -- a delay in implementation of the Affordable Care Act, or more long-term spending cuts. Obama and Democrats want a "clean hike," and he says that he won't negotiate over the debt limit like he did in 2011.
[...]But Friday's poll suggests that public ignorance over the issue could be a boon for Republicans in any negotiations. Only 22% think that Congress should raise the debt ceiling, and opponents outnumber supporters by a 2-to-1 margin.
[...]
I suppose our Media prefers the recurring drama, instead of a well-informed electorate.
The proof is in their all-sides-are-right, bring-on-the-drama programming.