The Small Business Administration's loan incentive program worked brilliantly, and it will work again. Washington should act -- and act now -- to provide another $2 billion to help small businesses, their workers and the taxpayers.
Government watchdogs identified potential savings of $87.2 billion in 2010 in investigations of everything from defective drugs to disaster loan fraud, according a study by the U.S. inspectors general oversight organization.
Although Heidi's business was booming, credit for small businesses had dried up and she couldn't get a loan -- that is, until she gave a bank everything she owned and signed her and her husband's life insurance over as collateral.
One thing about leaving your job and starting a business is that you find out, very quickly, that it's a cold and lonely world out there. No one really cares about you or your business. You're completely on your own.
Congress' focus is in the wrong place. The biggest challenge the U.S. faces right now is the jobs deficit, not the budget deficit. Unemployment rates determine a healthy and functioning economy, and those rates are reaching new heights.
The idea of shared sacrifice as a public value is fine. However, why should many Americans, who have become accustomed to shouldering most of the sacrifice, get excited about taking on additional burdens?
More capital targeted to high growth entrepreneurs with venture-fundable ideas, and administered through the professional investment community, is a good thing, and particularly so in our current environment (when venture capital funding has been less available than in the past).
The opponents of regulation would love nothing more than to re-litigate all the battles they've lost over the years. They're free to try, but at the very least, they owe the American public an honest accounting.