WASHINGTON, D.C. – U.S. Rep. Charlie Dent (PA-15) issued the following statement on the United States reaching its debt ceiling:
“Today, the United States reached the federal debt ceiling of $14.3 trillion – an outcome fueled by Washington’s history of excessive and unsustainable spending. The fragile condition of our economy, coupled with our nation’s severe budget problems, may compel Congress to raise the debt ceiling, but this significant step must be taken only if a concrete strategy to reduce the federal deficit is simultaneously set in motion.
“Proposals to raise the debt ceiling without enacting substantial reforms that control long-term government spending are unacceptable. Equally, allowing the government to potentially default on its debt is reckless and would have a dramatic impact on the American economy. I believe Congress must use this situation as an opportunity to build on recent achievements that promote sustainable spending and economic stability.”