Hoeven Statement on the Debt Ceiling

WASHINGTON – Senator John Hoeven today issued the following statement in response to the Senate vote to raise the U.S. debt ceiling:

“I voted against the legislation to increase our debt ceiling today because it did not include savings or reforms to address the deficit and debt. The national debt has grown to $17.2 trillion, and we need to reduce it for the sake of our country today and for the well-being of future generations.

“Under the Budget Control Act that Congress passed in 2011, we required reductions in spending, which have reduced discretionary spending by 35 percent, from $1.35 trillion per year to about $1 trillion. That has helped reduce our annual deficit from $1.4 trillion in 2011 to about $500 billion this year, but we must do more.

“We need to find more savings and reforms, which along with economic growth will enable us to overcome the deficit and reduce our debt. Those savings and reforms should have been part of this debt ceiling legislation.”