Small Business Week – NSBA Talks About the Debt

June 19, 2013

pic-money-tax-budgetAs the nation is in the midst of celebration the 50th Anniversary of National Small Business Week, NSBA held its quarterly board meeting in Washington, D.C. on Monday and Tuesday, June 17-18, where it met with a host of small-business advocates and partners, as well as heard from Maya MacGuineas, president of the Committee for a Responsible Federal Budget, and a steering committee member of the Campaign to Fix the Debt.

National Small Business Week kicked off Monday, June 17 in Seattle and is proceeding throughout the week in different spots across the country. Festivities were held in Dallas on June 18, St. Louis on June 19, Pittsburgh on June 20 and will culminate in Washington, D.C. on Friday, June 21.

Ms. MacGuineas spoke to NSBA as part of our ongoing partnership with the Campaign to Fix the Debt and shared inside perspective on the likely timing of Hill debate and discussion on how to address the debt. Citing no shortage of doable solutions to the significant debt crisis facing the U.S., MacGuineas urged NSBA members and leadership to reach out to their elected officials and urge them to work across the aisle on solutions to prevent the inevitable economic disaster awaiting the U.S. absent Congressional action.

NSBA’s leadership agreed that the national debt and lack of a comprehensive, long-term solution are wreaking havoc on the confidence and economic security small businesses need to make critical hiring and investment decisions.

According to NSBA’s most recent Economic Survey, 86 percent of small businesses said they anticipate a flat or recessionary economy in the coming year and more than one-third (39 percent) are not confident in the future of their own business. Economic uncertainty is by far the most significant challenge to the future growth and survival of small business.

Please take a few moments today to personalize and send in the NSBA draft letter we have provided here. This will take no more than five minutes of your time and will send an important message that lawmakers must address the debt.