During times of recession or when there's a potential slippage into recession, most women in business become extremely concerned about jobs and their ability to continue operations as usual. Minority women face particular challenges because many of us are in startup, micro, or newly-expanding mode: we might have additional vulnerabilities as we grow our businesses.
If you're not affected by massive layoffs or the impact of international trade, this upcoming recession may not hit you as much as someone who fears for their job security or is challenged by rising import/export prices.
With the latest $159 billion economic stimulus plan currently before the Senate, potential tax cuts and stipends to families will children means many Americans will benefit from an additional $300 to $1200 in their pockets in the form of rebates, come May 2008.
Where does this money come from and how are they coming up with it?
The bulk of Americans' taxes go to defense and war efforts and paying down our debt. Check out how your US tax dollars were allocated here:
http://www.nationalpriorities.org/taxchart
If you, like me, run a small business, you know how to budget and you are very interested in how your gross monthly receipts are being allocated and how you may increase your efficiency.
Unfortunately, the federal government sometimes shows much less foresight, caution, and prudence: if it weren't for our very costly war and the debt we continue to make payments on (where the notes are held by China and the Middle East), we may actually have a surplus instead of our trillion-dollars debt.
US Office of Management and Budget:
http://www.whitehouse.gov/omb/budget/fy2008/
Download the mid-session review and projections (PDF)
http://www.whitehouse.gov/omb/budget/fy2008/pdf/08msr.pdf
The stimulus plan may be a quick and easy temporary solution, but our biggest issue ahead is generating more U.S.-based small business growth, increasing economic self-sufficiency here at home, massively increasing our gross domestic product, and reducing the percent of expenditures that go towards our military.
As it is, we may be getting $300 now, but we're leaving a crushing, burdensome debt to our children.
» Know More Media Review: Economic Stimulus, Super Tuesday, Residual Super Bowl Buzz from Know More Media
Again another political week. Between Super Tuesday, talk of recession, and the economic stimulus package meant to stave off said recession, there was little room for discussion of other topics on the network. There was however more talk about a... [Read More]
Tracked on: February 8, 2008 10:45 PM | Permalink to Trackback