Kerry calls SBA budget proposal insufficient

[MH1]

http://www.fcw.com/article97594-02-07-07-Web&RSS=yes

Sen. John Kerry (D-Mass.), chairman of the Senate Small Business and Entrepreneurship Committee, criticized President Bush’s proposed budget for the Small Business Administration (SBA), calling it insufficient to meet the needs of small businesses and repair the deep cuts made to SBA over the past seven years.

The proposed fiscal 2008 budget for the SBA represents a 45 percent cut since 2001 and a 32 percent decrease when not counting disaster loan funding, Kerry said.

Bush requested $464 million for the SBA, or .02 percent of the entire $2.9 trillion federal budget. However, SBA Administrator Steven Preston said the proposed budget represents a 5 percent increase over fiscal 2006.

(snip)

Kerry added that the budget would also cut key business counseling and outreach programs such as Small Business Development Centers, Women’s Business Centers, the Program for Investment in Microentrepreneurs and technical assistance programs.

Just another reminder of where the * misadministration's priorities are.

[MH1]

1. Posted in LBN:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2720926

[MH1]

3. Ahem.

Only one more rec needed.

[PresidentObama]

2. 45 percent cut since 2001?

I guess you are right MH1, shows the priorities of the Bush white house!! I'm glad we have Senator Kerry as the chairman of the Small Business Committee, leadership is needed in this area when you take into account the kind of cuts the SBA has seen under Bush!!