"The U.S. has slipped again in world rankings that assess the ease of starting a new business. If we're to bring down our stubbornly high unemployment rate, this trend has to be reversed."
Its Better In Rwanda
Can you think of a big business which was born big? All business started out as small business. The federal and state governments of the United States complicate starting a new business by micromanaging the start up. (Bureaucrats micromanage established businesses too.) Government red tape requires a new business' time and money. Compliance with pointless government regulation is deadweight loss.
Small businesses are the principle employer in the United States. This is despite the fact that 80% of small businesses fail within the first 5 years. With the added government overburden, employment will continue to decline, as small business failure increases.
Tell Obama and the Congress to reduce micromanagement of American enterprise, so we can make the money to pay the taxes the country needs to pay down our $16 trillion debt.
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