John Cornyn: “Our country now owes roughly $37 trillion. We're $37…”

“Now one of the things that we did in the one big beautiful bill was we, we passed $400 billion in deficit reduction. Why is that important? Because Our country now owes roughly $37 trillion. We're $37 trillion in debt. And if we don't do something about that, we're going to be in deep trouble in the not too distant future.” (14:39–14:47)

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.