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Coats Paints Bleak Picture Of National Economy

By Dan Goldblatt

Posted August 7, 2012

Senator Dan Coats was in Columbus Tuesday, speaking before the Chamber of Commerce. Speaking with Bartholomew County business leaders, the junior senator painted a bleak future of the nation's economy.

Numbers released last week from the US Commerce Department shows economic growth slowing in much of the country, and Senator Dan Coats says if Americans want to see economic turnaround, there needs to be a change in leadership in Washington.

"This fiscal situation is serious, its real, and it's going to affect this country's economy," he says. "It's already affecting it with uncertainty, and now we see possible slide back to recession, which is the worst thing we need to go through after three years of really tough sledding."

He says the budget deficit in Washington is causing businesses to worry about whether or not they should hire new workers, because of the country's fiscal health. Coats says small business must be allowed to grow, and they cannot do that with the heavy tax burden they now have.

Acknowledging a need for health care reform, he says Republicans in the senate are working to repeal the Affordable Health Care Act, but did not offer specific plans on what could replace it.

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