The growing national debt is the No. 1 issue small businesses believe Congress and the administration should address, according to a recent survey by the National Small Business Association. With National Small Business Week (June 17-21) approaching, now is a good time to reflect on the important role that small businesses play in our economy, as well as their prevailing view of the condition of our country’s fiscal policy. That view is that the national debt matters. And it needs to be fixed.
Lately we seem to have jumped from one fiscal crisis to the next. Congress should pass a big deal – one that’s big enough for Congress to avoid any fiscal showdown in the future – that would address our entitlement programs, which will be the true drivers of our debt, and figure out how to tweak them to cut costs over the long term. Similarly, Congress and the president need to figure out how to reform the tax code.
As a member of the Campaign to Fix the Debt (www.fixthedebt.org), a nonprofit, bipartisan organization pushing to change the unsustainable trajectory of our national debt, I hope U.S. Sens. Saxby Chambliss and Johnny Isakson, and U.S. Reps. Paul Broun and John Barrow, will make an effort to ensure that all of our representatives in D.C. will work together on long-term solutions that fix the debt.
Andy Knox Jr.