October 17, 2013
WASHINGTON, DC-
The Latino Coalition, a leading center of influence for Latino-owned, small and mid-sized businesses, issued the following statement regarding the agreement to avert a Treasury default and reopen government:
“We acknowledge Congress for agreeing to a solution to reopen government and avoid a default; however, once again this is a band-aid on a cancer,” said Hector Barreto, TLC’s Chairman and Former Administrator of the U.S. Small Business Administration. “Uncertainty and dysfunction by our government leaders is destructive to small business, and even more damaging to the lasting health of our nation’s economy.”
“As the engine of our economy, small business prefers a yes, can accept a no, but the maybe’s kill them. With the level of uncertainty small business is having to deal with, they cannot make informed decisions to invest, hire employees or expand their operations. Now, more than ever, we need leadership that will achieve a long-term solution to reduce the deficit, reign in out-of-control spending, and provide an effective healthcare solution to small businesses,” Barreto added.