John Cornyn: “on Monday the distinguished majority leader took to the floor and bemoaned the state of our economy, calling our…”

“on Monday the distinguished majority leader took to the floor and bemoaned the state of our economy, calling our economic future bleak. As surprised as I was by those comments, I thought it was even more important to come down to the floor and to respond and to provide, I think, a much different picture than that depicted by the distinguished majority leader. It is ironic the same date those comments were made, the Associated Press reported a story that leads with this paragraph: The deficit for the first four months of the current budget year is down sharply from the same period a year ago as the government continues to benefit from record levels of tax collections. The Treasury Department reported Monday that the deficit for the budget year that began October 1 was down 57.2 percent from the same period a year ago. That same article goes on to say: The continued strong growth in revenues reflects the record profits corporations have been recording in recent years and the low levels of unemployment, which means more Americans are working and paying taxes. If this is 'bleak' economic news, I would love to see what good economic news might look like.”