The day after the so-called Congressional "supercommittee" announced that it will not deliver a debt reduction plan in time to meet its Nov. 23 deadline, a new survey reveals that more than half (61 percent) of seniors say they'll take a tax hike if it means fewer cuts to Medicare.
In addition, while 54 percent of respondents said that the supercommittee's failure to reach agreement benefits them personally because it spares Medicare, 61 percent said it would be better for the country and 65 percent said it would be better for their children if the supercommittee had succeeded.
The deficit committee's failure to deliver a plan could trigger $1.2 trillion in automatic across-the-board spending cuts in defense and non-defense spending. However, Social Security and Medicare are exempt from the automatic cuts.
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