This week on Flash Talks Cash, JoAnn "Flash" Fleming and Andrew Newman are joined by Jonathan Russo, investor in sustainable businesses and owner of the Organic Wine Journal, and they're talking about austerity versus growth in Europe. Tune in to learn more about what the term "austerity" actually means. Learn why deficit spending is not a sustainable solution to jump starting an economy, and why so many European countries are in such a debt crisis. Later, the discussion moves towards the budget, and how cutting healthcare and military spending could help to clear federal debt. Jonathan also shares his ideas as to why Obama's new proposals to tax the wealthy will not be helpful to the overall economy. This program has been brought to you by TriState Merchant Services, Inc.
"If you're going to grow, it has to be productive growth. Throwing more money, or spending more money in the hopes of growth, will not benefit you in any way, shape or form."
"If you're going to have a tax on wealthy people, it should be indexed to their cost of living."
-- Jonathan Russo on Flash Talks Cash