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WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.) issued the following statement today about his vote against increasing the debt ceiling limit:

“Like any family with a credit card understands, there’s a reason for a spending limit. What is the point of having a debt ceiling if Congress simply extends the Treasury’s borrowing capacity each time the limit is reached? Two years ago, I made clear my belief that there must be corresponding cuts in spending before I will vote to raise the debt ceiling. The plan voted on in the Senate today contains no spending cuts, so I kept my word and voted against it. We cannot continue to borrow money we don’t have and saddle future generations with the consequences.”