Rep. Mo Brooks, R-Ala., said Monday that the two-year spending deal reached last week is a "debt junkie's dream" that could lead to rising interest rates that damage the stock market.

Brooks said on CNN that he worries Congress agreed to bust through budget caps, and spend at a level that was far beyond what Democrats were demanding.

"I have reservations about that and I have reservations about the threat that poses to the United States of America going forward," he said.

"In my judgment, it was the worst piece of legislation I have voted on since I've been in the United States Congress and there's not another bill that's a close second," he said.

"That's how bad that debt junkie's dream bill was last week," Brooks said.