"What does distinguish the Republican Party of today from the Republican Party under President Bush’s rule with regards to spending, which is where it got out of control -- under Republican rule," asked host David Gregory on NBC's Meet The Press.
"Let’s look at a few facts — thank you for the opportunity, because I want to respond to what Chris said. The last year that President Bush was in office, 2008, the deficit was 3.2 percent of the gross domestic product. Today it’s ten percent. We just hit the $13 trillion cap on national debt," Cornyn said.
"Where did some of that debt come from?" Gregory asked. "The President of the United States was George Bush when they passed a huge TARP, which was to bail out the banks. I mean that’s what ran up a lot of debt as well. Are you saying a Republican was somehow different?"
"You’re ignoring the stimulus that ... failed according to the president’s own standards," Cornyn replied. "He said he was supposed to keep unemployment to eight percent."