I heard that's what he said, although I haven't heard the details personally. One of the reasons business start ups are up in the last four years in the US is the low cost of capital, which comes with the lowering of the deficit. Now that we've lowered it, how are we going to pay for it. With the tax cut, with an increase of the deficit, the cost of small business is going to go up, with a decrease in the amount of available credit and so on. I think for small business and politicians, we need to be careful of short-term gimmicks, or promises, versus long term solutions.
Capital is money, pure and simple.
It's cash, it's credit lines at a bank, it's credit cards. Any kind of money that you use to start and grow your business. I think that number is too high. Banks don't like to lend to startups, and in some cases, have good reasons. That's how we build a stronger economy, better cities and a better nation.