Gallup: 26% Percent Approve of Obama’s Handling of Deficit

By Terence P. Jeffrey | November 9, 2011 | 1:28 PM EST

In this Sept. 20, 2011 file photo, President Barack Obama and first lady Michelle Obama walk off stage after attending a DNC fundraiser at Gotham Hall in New York. (AP Photo/Pablo Martinez Monsivais, File)

( - President Barack Obama’s overall job approval in Gallup’s daily tracking poll is currently at 43 percent--which is within a point or two of where it has been for the past three weeks.

But his approval for how he is handling the federal budget deficit, according to a survey conducted Nov. 3-6, is only 26 percent, Gallup reported today.

That is the second lowest approval level that Obama has received during his term for his handling of the deficit. His lowest approval for handling the deficit was the 24 percent he received in a survey conducted Aug. 11-14, the last time Gallup polled on this question. That was less than two weeks after Obama signed legislation to increase the federal debt limit by as much as $2.4 trillion.

Since Obama was inaugurated on Jan. 20, 2009, according to the Treasury Department, the national debt has climbed from $10,626,877,048,913.08 to $14,976,508,611,373.88—an increase of $4,349,562,460.80. That equals about $37,000 for each of the 117,538,000 households the Census Bureau estimates there are in the United States.

When Gallup asked respondents to say whether they approved or disapproved of how Obama was handling eight different issues, Obama’s approval for handling of the deficit was lowest among the eight. Obama’s next lowest approval level was 30 percent for his handling of the economy.

His third lowest approval level was 36 percent for creating jobs.

Obama also had approval levels of less than 50 percent for his handling of health care (41 percent), the situation in Afghanistan (48 percent) and foreign affairs (49 percent).

Obama had a better than 50 percent approval levels only for his handling of the situation in Iraq (53 percent) and his handling of terrorism (63 percent).

In May, a team of U.S. Navy Seals killed al Qaeda chief Osama bin Laden at the compound where he had been hiding in Abbottabad, Pakistan. Obama has also announced that all U.S. combat forces will be out of Iraq before the end of this year.

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