As business groups such as the IFA, the U.S. Chamber of Commerce and The Business Roundtable announced their support for efforts to raise the debt ceiling in order to ensure the economic certainty of the nation for America’s job creators and franchise small businesses, Jim Amos, the CEO of Tasti D-Lite spoke to MSNBC’s Chris Jansing this morning, moments before President Obama addressed the nation and called on lawmakers to find a bipartisan solution.
Asked by Jansing for his perspective about the impact a government default would have, not only on a big business, but also from the perspective of those small business owners who own Tasti D-Lite franchises, Amos called on the government to do everything it can, while also calling for a renewed focus on limited government, for the private sector to thrive.
“If you are ideologically driven on the view that the public sector and government can solve these issues, then you’re going to make a certain set of decisions. If your view is that the private sector can participate, you will make a different set of decisions,” said Amos. “I think our country in the beginning was founded on principles that supported economic and political freedom or liberty. If you look at modern history, the greatest growth rates that we’ve had economically, they were driven by limited government.”
The impact a government default would have on the ability of small business owners looking to expand, or prospective franchisees to obtain capital to purchase a franchise business, was also noted today by IFA President & CEO Steve Caldeira.
“Congress must raise the debt limit now to ensure the stability of our economy and prevent the credit markets from further volatility amidst an already difficult lending, public policy and regulatory environment for franchise small businesses,” said Caldeira. “If Congress allows a default on the obligations of the United States, it will have a dramatically negative impact on our economy and on the confidence of America’s small business owners and job creators.”
Posted by Matt Haller, IFA Director of Communications