Friday, October 16, 2009

Federal deficit triples from year ago

The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while governemtn was spending massive amounts to stabilize the financial system and jump-start the economy. http://www.msnbc.msn.com/id/33348615/ns/politics-more_politics

The only way to jump start the economy is begin by helping small businesses! Since President Obama was inaugurated all we have gotten out of Washington is more government spending, more legislation that hampers small businesses, bailouts to major corporations and the financial sectors. Very little has been done to ease the burdens on small businesses by easing the credit crunch, enacting tort reform, easing burdensome regulatory reform, and tax relief. There are host of other issues, but small business doesn’t have the number to Washington power brokers like the banks and corporate America. Help the little guy and you help America.

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