Sen. McCain : Package plus bank bailout will put WASHINGTON on `` a road to financial disaster '' But McCain told CBS ' `` Face the Nation '' that the package should have been about half the size of the one now before senators , and should be balanced between tax cuts and spending . Shelby : Economy ` ` will continue to tank '' unless banking system is addressed first . Crisis will deepen without significant economic boost , Republican senator tells the Senate Budget Committee . Sen. Shelby : We need to spend money to create jobs , but not this way .
Sen. McCain : Package plus bank bailout will put WASHINGTON on `` a road to financial disaster '' Shelby : Economy `` will continue to tank '' unless banking system is addressed first . Crisis will deepen without significant economic boost , Republican senator tells the Senate Budget Committee . Sen. Shelby : We need to spend money to create jobs , but not this way .