Published: December 19, 2012
Fiscal Cliff Will Be Used to Dismantle the Small Business Administration, According to the American Small Business League
PETALUMA, Calif. - (BUSINESS WIRE) - The following is a statement by the American Small Business League:
The American Small Business League (ASBL) is predicting that the Obama
administration will try to use the momentum from the "fiscal cliff"
debate to justify plans to dismantle the Small Business Administration
President Obama recently
announced plans to essentially dismantle the SBA by combining it
with the Department of Commerce. The administration claims this will
save $3 billion over the next 10 years, which is infinitesimal in
comparison to the $7 billion increase to foreign aid that President
Obama has proposed for 2013. $7 billion is enough to run the SBA for
nearly a decade.
To read the complete release at NewsBlaze,
Fiscal Cliff Will Be Used to Dismantle the Small Business Administration, According to the American Small Business League,
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