“If we are to restore consumer confidence in our economy, we must provide leadership that shows that Congress and the president are united in reducing spending and funding only those appropriations deemed immediately necessary and essential. Such action will enhance confidence in government budget plans, thereby stimulating business growth and consumer spending.”
President Bush rejected the supplemental appropriations bill, passed by Congress in July, because the spending consisted largely of unrequested funds added by Congress. The president’s action demonstrates his commitment to fiscal discipline and holding the line on spending as Congress prepares for the upcoming debate on the FY 2003 appropriations legislation.
“Fiscal restraint is absolutely essential to maintaining economic recovery,” added Hammonds. “Congress must realize that this is not a time for election year pork and that any additional spending increases must be limited to homeland security and the war on terrorism.”
Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion. FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
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