John Cornyn: “Mandatory spending reforms in Medicaid, student loan…”

“That's real money. So let's take a look at some of the places where these savings are coming from. For starters, Mandatory spending reforms in Medicaid, student loan forgiveness and food stamps will add up to $2 trillion in savings over the next 10 years. Revenue from President Trump's tariffs add up to another $200 billion, which the Office of Management Budget projects will erase $4 trillion in debt over time.” (12:55–13:06)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.