Got your eye on a new way to expand your business? See a sure move to beat competitors?
Today, you and lots of small business owners are eager to seize opportunities to grow, create jobs and capture market share. But that big cloud of uncertainty hanging over Washington, D.C., stops you dead in your tracks.
Scoring political points to win the November election has become the No. 1 priority in the nation’s capital. Never mind the Congressional Budget Office is waving red flags, warning lawmakers the economy could suffer a massive stroke unless major tax and spending policies are quickly addressed.
Never mind this wobbly recovery will get slammed in January if Congress and the president fail to agree on measures to prevent a dangerous event not so humorously referred to as “taxmageddon.”
Washington’s response? “Come back in November. We’re too busy campaigning to deal with little things like the economy.”
This can-kicking approach to government is the model that put Europe in the fix it’s in today — no economic growth, bank bailouts and unemployment averaging nearly 11 percent. Leaders who called for austerity have been kicked out of office, replaced by those who refuse to make difficult decisions that might keep their governments afloat.
What happens in Europe won’t stay in Europe. Our economies are closely entwined.
If Washington fails to quickly make policy corrections to prevent January’s hazards and Europe’s fallout spreads to our shores, all bets are off.
Decisions must be made now to reduce excessive federal regulation, cut taxes and lower the deficit. Yet some in Congress are willing to gamble they can solve pressing economic problems in the few days between the election and adjournment in December.
It’s urgent that small business owners contact their representatives and senators and tell them in no uncertain terms crucial fiscal policies must be decided right away.
“If you’re a small business person, being involved in legislative issues is not a matter of choice, it’s a matter of survival,” U.S. Rep. Kevin Brady (R-Texas) told owner-activists gathered in Washington recently for a National Federal of Independent Business summit. “No one tells your story better than you.”
It’s essential small business owners immediately tell their stories to members of Congress, informing them that uncertainty prevents hiring, hampers planning and investment, and worse, discourages you and future generations of entrepreneurs who hope to realize the American dream of owning their own businesses.
Remind Congress that America was founded on the principles of free enterprise, principles that government must adopt: hard work, not spending what you don’t have, reinvesting your earnings back into the business and never taking your eye off the goal.
These principles have served our nation well. They should be immediately adopted to protect our nation from the meltdown indecision will certainly bring. Each moment wasted in political sparring and congressional gridlock increases the odds our economy could follow the same disastrous path Europe has chosen.