Bishop: says tax cuts hurting American economy - WALB.com, Albany News, Weather, Sports

Bishop: says tax cuts hurting American economy

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February 20, 2003

Albany -- Second District Congressman Sanford Bishop says President Bush's tax cut package is hurting the economy. Bishop, who is on the House Appropriations Committee, says mounting deficits are becoming a drain on the economy.

With more money going to the mounting war effort, Congressman Bishop says other government programs will have to be cut.

 Congressman Sanford Bishop said "We won't be able to fund prescription drugs for seniors. We won't be able to fund Medicare enhancement. We won't be able to fund the reimbursements for our rural hospitals. These are critical needs we have right now, that unless we are fiscally responsible, we won't be able to meet."

Congressman Bishop describes the U.S. economy as being in a deep rut. He predicts government deficits could reach 200 billion dollars soon.

posted at 3:49 by jimw@walb.com