Fiscal cliff threatens small businesses
August 10th, 2012
08:47 AM ET
10 years ago

Fiscal cliff threatens small businesses

New York (CNNMoney) - Potential massive cuts in federal spending are still months away, but some small businesses that rely on government contracts are already feeling the pinch.

The looming cutbacks - part of the "fiscal cliff" - are causing firms to slow business or shrink production and could threaten jobs, according to company owners.


Filed under: 2012 • • Congress • Debt • Deficit
soundoff (8 Responses)
  1. Governor 47th In Job Creation (Excluding Off-shored to China and India)

    John Boehner got 98% of what he wanted. We'll just call this the Boehner Cliff.

    August 10, 2012 09:12 am at 9:12 am |
  2. Pete

    That's your republicans holding small businesses as hostages to get an agenda across at your costs not the extreme republicans politicians,they care less about you,get that in your head..Republicans as a whole are trying anything they can to make the president a one termer,even creating the S&P debacle for the sake of pointing out how powerful they are in destroying anything that benefits the citizens of this country.Numerous job bills have been generated by economists and the president to help this country,something republicans ran on in 2010,but were shot down merely to rail against this president to make a point,they don't like or respect Pres.Obama,racism is still alive and well in America and you republicans are a unpatriotic example.So be proud republicans if Pres.Obama goes down,which you know he won't,then you racist can put away your hoods and gowns for another four years ,we know what you are ,mostly illiterate,ignorent trailer trash type whites that live on FOX and this is coming from a white man who is proud of what this president has done whether you hypocritical republicans like it or not,get over it,Romney won't win in November,no money can get him in...

    August 10, 2012 09:34 am at 9:34 am |
  3. WiredWeirdinSF

    And yet most of the liberally biased media would rather talk about Ann Romney's horse being in the Olympics. Anything but the truth and nothing that would make the Obama regime look bad.

    August 10, 2012 09:59 am at 9:59 am |
  4. GI Joe

    Republicans don't care – they give it lip service, but they'll do anything to get power back.

    August 10, 2012 10:08 am at 10:08 am |
  5. vic , nashville ,tn

    Business we have scope, goal not like congress, unfortunately some time we have to wait for congress decisions on tax code, disaster relief plan our goal and scope

    This is ridiculous our congress is not functioning

    August 10, 2012 10:09 am at 10:09 am |
  6. n

    Yeah and the proverbial fiscal cliff, as it were, is the workings of the Obstructionist loom, gloom and doom machine of the House and Senate republican leadership or lack there of. You can say that it is their home remedy of back wood manufactured corn liquor of chaos. Sorry good ole boys the jig is up. >:(

    August 10, 2012 10:10 am at 10:10 am |
  7. enuff

    Thank goodness congress knows what it is doing! That is said with extreme sarcasm. The sad part is they will blame each other and the president, and still do nothing about it. But don't bother them right now, they're on vacation.

    August 10, 2012 10:21 am at 10:21 am |
  8. rob

    This "Fiscal Cliff" is a perfect example of lack of presidential leadership. The President is the only nationally elected office in Washington DC. He has the responcability of leading the country. Working with the elected representatives of the separate states he has to be able to use his leadership to work with the Congress to improve the country. President Obama has allowed this crisis to loom out their for the most blatent political purposes. He and the media who supports him have completely ignored the elections of 2010 in which the country turned against the Democrats in Congress and elected representatives who want less govt not more and more and more.

    Now the President and his supporters are running a campaign designed to destroy Mit Romney personally. They acuse him of being a felon and a killer !!! They lie again and again. When they get called out for the lies, they shrug the shoulders and start another lie. This is going to go down as the ugliest campaign in our lifetimes, I hope the american people will have the wisdom to send this group back to Chicago and allow the country to heal.

    August 10, 2012 10:26 am at 10:26 am |