Posts Tagged money
It’s certainly the case that small business are in fact struggling in many cases because the capital infusion that existed many years ago has dried up for many reasons. But surely there is a way to jump start this sector of the free enterprise market.
Ed Butowsky joins ABC\’s WFAA News 8 to point out the details in the payroll tax hikes. With more money coming out of your paycheck the less money you have to spend. With less money to spend business make less money which means they have less to spend to hire more people. Ed points out the viscous cycle that ensues if this tax hike is left in its place.
Ed Butowsky helps bring light on a topic that has been growing epidemically among professional athletes, and that is financial literacy. Most athletes entering NFL, NBA, MLB, NHL etc do not understand what it means to invest their money. What they see is dollar signs and all the things they can think about spending it on.
While this administration under President Obama is scratching their heads trying to figure out what will stimilate the economy the current tactics have not worked. Printing more money – No. Investing in alternative fuel industry – No. So what will because our economy is certainly in a stalled state as recently confirmed by the Q2 Gross Domestic Product (GDP) numbers coming in at 1.3% rather than the expected 1.7%.
As the Obama Administration attacks the value of the US dollar by allowing the treasury to print more money, so to is the US under attack at our Embassies in foreign soil. How can we combat these vastly different but same attacks?