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Stimulus bill is too spendy, McCain says

Associated Press

WASHINGTON — Senator John McCain says there’s too much unnecessary spending and too few tax cuts in the Obama administration’s economic proposals to stimulate the economy.

The Arizona Republican and former presidential candidate also complains the plan has no "endgame."

Interviewed today on CBS’s "The Early Show," McCain said that after the economy recovers the U.S. should "be on a path to a balanced budget."

Instead, he says, the Democrats’ plan would burden future generations of Americans with the biggest budget deficit in history.

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The Senate is opening debate today on a nearly $900 billion stimulus plan.

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