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John Cornyn: “OMB's projections include nearly $2 trillion in savings from…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending

Published February 25, 2026 | Video Starts at 13:43

In addition, deregulation, taking the handcuffs off of the huge American jobs engine, and tax reforms are expected to spur economic growth, which the Office of Management Budget projects will account for an additional $5.6 trillion in savings. OMB's projections include nearly $2 trillion in savings from lower debt servicing payments. So not only is the debt the problem, but the interest you have to pay on that debt just racks up more debt. (13:43–13:51)

CLAIM

Asserts that OMB projects $2 trillion in savings from lower debt servicing payments.

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John Cornyn

“Under [Russ Vogt's] leadership, the Office of Management and Budget are on track to reduce the deficit by more than $15 trillion over the…”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 00:37-12:47
“Now they can don't have to pay taxes on income from tips up to $25,000.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 05:18-05:27
“There's no tax on overtime.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 05:39-05:42
“Our national debt currently sits at about $38 trillion.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 06:39-06:45
“The Government Accountability Office has documented that there is between $2 to $500 billion of improper payments.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 08:52-09:07
“Our debt servicing costs or the interest payments on the debt have eclipsed spending on national defense.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 14:13-14:20
“President Trump has many achievements that we can all be very proud of, from securing the border, from the massive surge of illegal…”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 01:58-02:16
“We prevented more than a $4 million tax increase on the American people and saved my constituents in Texas an average of $3,000.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 03:16-03:27
“We help working families by increasing the child tax credit to $2,200 and indexing it to inflation.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 03:53-04:15
“We delivered historic relief to hourly wage workers as well.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 04:50-04:55
“We spend more money on interest on the national debt than we do on defense.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 06:55-07:00
“We made a down payment in the Working Family Tax cuts Act, saving $400 billion over 10 years.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 07:27-07:37
“Our national debt is actually not a revenue problem... It's a spending problem.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 07:56-08:13
“Last year we made important reforms in our mandatory spending programs to make sure that, for example, illegal aliens don't receive free…”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 11:08-11:19
“Mandatory spending reforms in Medicaid, student loan forgiveness and food stamps will add up to $2 trillion in savings over the next 10…”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 12:55-13:06
“Deregulation, taking the handcuffs off of the huge American jobs engine, and tax reforms are expected to spur economic growth, which the…”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 13:20-13:42
“The government is projected to save between 26 and $30 billion due to reduction in the federal workforce.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 15:02-15:13
“Fiscal year 2026 non defense discretionary spending totaled $18 billion less than 2025.”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 15:47-15:56
“Overall spending levels were about a billion dollars less [in fiscal year 2026 compared to 2025].”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 15:47-16:01
“President Trump and his Office of Management and Budget have put the United States on track to erase trillions of projected spending over…”
Cornyn on President Trump's SOTU Address, OMB's Efforts to Rein In Spending | Uploaded February 25, 2026 | 16:12-16:29