Debt Ceiling Debate Sows Fear Among Small Business Owners

There may be a lot of short term pain for small business and consumers if the debt ceiling issues aren't rsolved along with deficit reduction programs of at least twice the debt increase. Competing ideologies of big government vs. individual responsibi­lity and free market capitalism must be resolved in favor of free markets, otherwise we face becoming a Progressiv­e Socialist state, like Greece, and many others who are now paying the price for years of Socialism, huge government and entitlemen­t programs, leading to ever higher taxes, bailout loans, credit defaults, and ultimately depression­-like economies.

The U.S. faces a similar future if we don't start balancing our budget for a year or two, then generating a Surplus Budget to pay down debt on which interest payments alone take out a Trilion dollars (that's Trillion with a big "T" folks!) that could, and should be used for making capital available for investment by private enterprise­.

Economist know that dollars invested in provate enterprise are "multiplie­d" by a factor of three to four in the form of business expenditur­es and new jobs.

Do the math. A Trillion dollars privately invested in business, not financial markets, could create up to Four Trillion in new equiment purchases and job payrolls.

A much better outcome. Oh, and by the way, the four Trillion in new investment would create state and .local taxes of at least one Trillion-p­er year!
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