Mike Coffman: “This legislation will hurt this country. It will hurt us in the short run. It will hurt us in the long run. Primarily…”

“This legislation will hurt this country. It will hurt us in the short run. It will hurt us in the long run. Primarily because it does a couple of things. First of all what it doesn't do is provide the kind of stimulus that the advocates for this legislation are talking about. It is not front end, so it is not timely; it is not targeted in the sense that all of its elements are not stimulative in terms of being jobs-producing; and it is not temporary in that it creates a lot of recurring obligations. And so that as the economy is moving up out of a recession, what you then have is the government is still running deficits to pay for these programs and that that borrowing, competing with private sector borrowing, driving up interest rates, driving up inflation and hurting the long-term abilities of this economy to recover from that. So I think that it's absolutely the wrong course for this country.”