It might be time for another midnight ride by Paul Revere, this time warning "the creditors are coming."

Americans seem not to have awakened to the fast-looming debt crisis that could summon a new recession, imperil their stock market investments and shatter faith in the world's most powerful economy. Those are among the implications, both sudden and long-lasting, expected to unfold if the U.S. defaults on debt payments for the first time in history.

Facing an August deadline for raising the country's borrowing limit or setting loose the consequences, politicians and economists are plenty alarmed. The people? Apparently not so much.

They're divided on whether the raised the limit, according to an Associated Press-GfK poll that found 41 percent opposed to the idea and 38 percent in favor.

People aren't exactly blase. A narrow majority in the poll expects an economic crisis to ensue if the U.S., maxed out on its borrowing capacity, starts missing interest payments to creditors. But even among that group, 37 percent say no dice to raising the limit.

In Washington's humid air, talk of a financial apocalypse is thick.

There are warnings of "credit markets in a state of panic," as the House Budget Committee chairman, Rep. Paul Ryan, R-Wis., put it, causing a sudden drop-off in the country's ability to borrow and pushing the government off a "credit cliff."

He was characterizing a report by the government's nonpartisan Congressional Budget Office that warns of a "sudden fiscal crisis" in which investors might abandon U.S. bonds and force the government to pay steep interest rates and impose spending cuts and tax increases far more Draconian than if default were avoided.

The dire warnings appear to be falling on unconvinced ears, at least so far.

Call it doomsday fatigue.

In recent times, Americans heard that things were going to go haywire with the turn of the millennium, and they didn't. They were primed for post-Sept. 11 terrorist plots that did not unfold.

They've seen Congress, a lumbering body that gets fleet of foot at the last minute, come to the brink time after time, only to pull something out of its hat. Recently, a partial government shutdown was averted in that manner.

To Robin Knight, 50-year-old teacher from Gilbert, Ariz., who's trying to stay informed on the debt crisis, Washington's tendency to cry wolf and stage histrionics on issues of the day isn't helping.

"It should be very easy to understand," she said, "but I think there are so many skewed views and time given to people screaming that it can be hard to follow."

As during the lead-up to the government shutdown that didn't happen, tortured negotiations are under way.

Republican leaders are insisting on huge spending cuts as a condition for raising the debt limit. This position finds solid support from Republicans in the poll and backing from a plurality of independents.

President Barack Obama is pushing for increased tax revenue to be part of the deal, and that insistence led House Republican leader Eric Cantor of Virginia to walk out of the negotiations this past week.

About half of Democrats in the poll said the debt limit should be raised regardless of whether it's paired with a deal to cut spending.

The survey found no significant differences by education, age, income, or even by party, in perceptions of whether a crisis is likely if the limit is not increased. There was widespread dissatisfaction with how Obama is dealing with the deficit _ a new high of 63 percent disapproval on that subject _ and an even harsher judgment of how both parties in Congress are doing on the issue.

A deal would permit the government to resume borrowing more than $100 billion a month to pay its bills. Paradoxically _ or "perversely," as Federal Reserve Chairman Ben Bernanke put it _ the absence of a deal would not stop the nation's debt from climbing.

Bernanke said the stain on U.S. creditworthiness would drive up deficits simply by saddling the country with higher interest rates on borrowing.

Deficit hawks at the Committee for a Responsible Federal Budget say a 1 percentage point jump in interest rates paid by Washington would increase deficits by $1.3 trillion through 2021, essentially adding a year's worth of red ink.

Although people in the poll betray plenty of concern about the debt, the prospect of a calamity-triggering default if the debt deadline is not met in August clearly is not dominating their calculations.

The AP-GfK poll, as do many surveys over time, points to a divide in how people see the country and their own lives. The poll was conducted June 16-20 by GfK Roper Public Affairs and Corporate Communications. It involved landline and cellphone interviews with 1,001 adults nationwide and had a margin of sampling error of plus or minus 4.1 percentage points.

Although 80 percent ranked the economy as poor, 63 percent also said the financial situation in their own household was good. Also, 70 percent predicted the economy will improve or stay about the same in the next year. A majority says it's a good time to put money into real estate.

Altogether, it's not unlike the bumper sticker sported on some cars when the world as we know it was supposed to end back in May: "After the Rapture, can I have your car?"

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AP Polling Director Trevor Tompson, Deputy Polling Director Jennifer Agiesta, News Survey Specialist Dennis Junius and writer Stacy Anderson contributed to this report.

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Online:

Poll results: http://www.ap-gfkpoll.com