Yes Hot Sauce does go good with white rice and makes it taste very good.
I prefer using Tabasco hot sauce on my white rice and it makes the rice taste very good but other hot sauces go pretty well on white rice as well.
You can also use may other seasonings on the white rice or add some seasoning to make Mexican or Dirty Rice.
Plain white rice just isn't as tasty without some spices or hot sauce added too it and Hot Sauces such as Tabasco Sauce go well with many other foods as well.