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The good news is that the deal is done and the President is expected to sign it imminently. The bad news is almost too long to list.

But let’s start on the positive side. By now it’s no secret that Congressional leaders and the President had little choice but to raise the debt ceiling. The consequences of not doing so were too dire to imagine. While there has been no shortage of analogies attempting to explain the negative impact of not raising the debt ceiling — on both the country and your business — the best I have seen so far is this:

It would have been akin to all of us, both collectively and individually, not paying the mortgage on the house.

 

To read the full, original article click on this link: The Debt Deal and Small Business: The Good, the Bad, and the Ugly | BNET

Author:Steve Strauss