Mark Alexander: A Sign Of Sanity Amid The Budget Banter

Prospects Good for BBA

"I wish it were possible to obtain a single amendment to our Constitution ... taking from the federal government their power of borrowing." --Thomas Jefferson (Letter of November 26th, 1798)

Over the din of the rancorous budget bull this week, the latest chapter in a debate, which has been raging ad nauseam infinitum for two years, you might have missed a small news summary about a comprehensive survey of small business owners and managers. Would you be shocked to learn that the vast majority of them are very concerned about taxes, regulations and out-of-control government spending? So concerned are they about the insurmountable debt, which threatens to collapse the U.S. economy, that small business owners are not hiring or spending reserves on business expansion.

This matters because small businesses are the foundation of free enterprise and the locus of most job creation and economic expansion.

For the record, I can assure you as a small business owner myself, that I did not need a survey to let me know what every business owner with whom I have spoken in the last two years has already affirmed: Barack Hussein Obama and his leftist cadres have placed our nation on a collision course with economic catastrophe, and plan to resurrect the pieces under a new Democratic Socialist framework.

Consequently, businesses of all sizes, those which have not already been blown away, are preserving capital in order to weather the gathering storm.

Twenty five years ago Ronald Reagan warned, "When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation."

Those were the good old days.

Today, deficit spending has become institutionalized, and the unprecedented debt accumulation enacted by the Obama regime in the last two years has taken the country to the brink of economic collapse. Every American should be concerned about the implications of this debacle, and its impact on the future of Liberty.

It's remarkable how far we've fallen. Just three years ago, then-Senator Obama was merely a smooth-talking presidential aspirant. But today, only a fool, or Socialist co-conspirator, would deny the threat that the Obama's ideological vision for the future poses to Essential Liberty.

With all that as a backdrop, there was additional news this week that provided a bright ray of hope through the oppressive cloud of budget banter.

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