John Cornyn: “The next generation will either have to raise more taxes or…”

“I urge my colleagues to understand the impact on this younger generation of a budget that taxes too much, spends too much, and borrows too much. Because of our actions, The next generation will either have to raise more taxes or cut programs that are necessary or lower their standard of living. Mr. President, I know from my parents who are members of the greatest generation, the one thing they aspire to more than anything else is that my brother and my sister and I would have a better life, more opportunities, more freedom, a more.” (09:49–09:58)

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.