Alexander: “This Bill Is a Colossal Mistake”

Posted on February 10, 2009

U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement regarding Senate passage of the stimulus bill: “This bill is a colossal mistake,” Alexander said. “This is still mostly a spending bill, not a stimulus bill. Even worse, it borrows an unprecedented amount of money – $1.2 trillion – spent mostly on projects that don’t create jobs in the near term. We need a stimulus bill, but one that fixes housing first, lets taxpayers keep more of their own money, and spends borrowed money only on programs that create jobs quickly.”