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

This week had some big news for small businesses in the form of President Obama's American Jobs Act. But what exactly is it proposing and Cui Bono? Who profits? Thankfully Flash and Andrew break the bill down for all for you and debate the issues surrounding the proposed $447 billion-dollar bill. Regardless of who you are, this bill most likely could end up affecting you so tune in and find out how. This episode is sponsored by Cain Vineyard & Winery.

With the 2012 Summer Olympics starting tomorrow in London, JoAnn "Flash" Fleming is here to analyze the cost of the games on this week's Flash Talks Cash! Co-host Andrew Newman calls in for today's episode, and shares some of his thoughts about the benefit of redistributing television broadcasts, as well as the nature of amateur athletics. How much did it cost to build the Olympic Stadium in Stratford, London? And what percentage of funding comes from the International Olympic Committee? Well, Flash has all the numbers for you, and they might not be what you expect. Other topics include the financial considerations of the Olympics versus those of the World Cup, and the economic boost that London hopes the event will bring to the city and the rest of England. Today's episode has been brought to you by S. Wallace Edwards & Sons.

"There's the thought, 'What are we gonna do with these buildings after the Olympics are over?' That's part of the process- what can we change or convert this Olympic Stadium into [to make it profitable]?" -- JoAnn "Flash" Fleming on Flash Talks Cash

"There are 204 countries competing in the Olympics this year. That's a lot of markets for NBC to redistribute their rights and their feed to." -- Andrew Newman on Flash Talks Cash