Dear United States Congress,
I have watched with interest and now shock the attempts to negotiate the debt ceiling and the current debt crisis. I would like to offer some advice on how the small business of America and the single highest source of new jobs in the country has been dealing with the impact of this economy and their own debt crisis caused by the reckless gamblers on Wall Street and their unregulated rampage which destroyed the world’s economy.
The recession caused by greed and recklessness, much of that recklessness authorized by you such as two wars we could not afford has caused the US small business and hardworking US citizens in general extreme hardship. I keep thinking but they must know this…now I am not so sure. However, we have worked out how to deal with it. When faced with a reduction of 60% in our revenues we started with major cutbacks. You see Congress we do not have the option to increase out debt ceiling as the banks the ones we bailed out with your bill which you passed really quickly destroyed our credit. When they got back on their feet they were quick to identify the US small business as “toxic assets” and closed down our working capital credit lines. Faced with the possibility of default with the hardship their clients were experiencing they closed those lines and promptly reported the debt to the credit bureaus, in some cases such as Bank of America selling the debts to ruthless speculators. This ensured that under no circumstances could we get any more credit for anything. But we carried on and we made more cuts, downsized and found new and creative ways to keep going and feed our families because you see in a small business the only income we have is the revenue from our business. We worked 24/7 to fill in for the staff we had to let go and we focused heavily on increasing our revenue, offering new services, cutting our fees and working closely with clients affected by the recession. We continued to build trust despite the fact that the banks had decided that we were losers. We found new and creative ways to cook ramen noodles and explain to our children why we no longer took vacations and why they could no longer have a MacDonald’s as a special treat. When the State of Arizona decided that all our contract workers including out of state service providers and student interns were subject to Arizona Unemployment tax we were faced with the additional burden of proving they were wrong and the high legal fees associated with that. When our health insurance was at risk because of our drop in staffing numbers we found new and creative ways to stay in our health insurance plan. Not a good situation to be in with two children who suffer from chronic illnesses. When my hair fell out due to the stress I was under I bought a wig and put on a brave face and carried on because that is what we do.
So we survived in spite of what congress did not because of it. We have received no help no support and the SBA has been rendered redundant since all SBA funding goes through banks who now consider the US small business too toxic to touch. The US small business is out there surviving with grace, dignity, ingenuity, creativity and sheer hard work. I will never vote in a congressional election again. I refuse to support a process that has no common sense and will not look to the people that they pretend to represent for answers. Might I remind in case it is necessary that these are the very people who voted for you whom you now have abandoned.
To summarize the small businesses of America are surviving because they have to and because they did two things.
1) They cut their costs sometimes having to make painful decisions.
2) They increased their revenue.
This principal is not just being applied in the US small business but in homes across the country every day. Familes are increasing the revenues working two three and sometiems 4 jobs just to survive. While families struggle through this and and give up their dream of sending their their kids to college you sit in Washington wasting their precious tax dollars, playing more games with their lives.
All you have to do is cut costs drastically, and increase revenue and since the only revenue the government has access to is taxes, you must increase taxes. If we have to cut medicare so be it the painful decisions have to be made. DO YOUR JOBS. Sounds simple right! Yes it is that simple. I assure you if you do not start listening you will lose your seats because there is no common sense. We do not make this stuff up we live it. You can continue to ignore us and continue with what seems to be an assumption that we are too stupid to notice your hidden agendas and support of nonsense like the Norquist pledge. People like us do what we do because we care, because we love our families and our way of live. You are missing that passion and you do not care. We are intelligent people and in 2012 we will show just how intelligent we are with our vote of no confidence in the US Congressional system.
Sincerely
Fionn Downhill
Small Busiiness Owner – Scottsdale, Arizona