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Cornyn Statement on the Obama Administration's Deficit Report

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Cornyn Statement on
the Obama Administration's Deficit Report
Treasury Report Shows a Deficit of Over $1 Trillion for the 2nd Year in a Row
WASHINGTON - U.S. Sen. John Cornyn (R-Texas) issued the following statement in response to the report released by the Obama Administration today, which indicated that the federal budget shortfall is $1.29 trillion:
"Today's eye-popping deficit of $1.29 trillion should come as no surprise to the American people given the months of unchecked spending by the Democratic Congress. This deficit report is more evidence that the fiscal policies of our self-proclaimed ‘tax-and-spend liberal' President are not working.

"Coupled with this month's stagnant job numbers, this trillion-dollar plus budget shortfall should be a wakeup call to President Obama and Majority Leader Reid that reckless, inside-the-beltway spending and bigger government are never the recipe for economic prosperity."
Senator Cornyn serves on the Finance, Judiciary, Agriculture and Budget Committees. He serves as the top Republican on the Judiciary Committee's Immigration, Refugees and Border Security subcommittee. He served previously as Texas Attorney General, Texas Supreme Court Justice, and Bexar County District Judge.