Fitch Ratings just delivered a welcome and long overdue comeuppance to President Joe Biden and his Democratic colleagues. They are not taking it well. The ratings agency surprised investors by downgrading U.S. long-term debt one notch from AAA to AA+, citing “expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance…” Stocks slumped in response to the move, as did whatever hope Biden might still have that he can sell the public on the virtues of Bidenomics. Presiding over the second-ever downgrade of U.S. debt is not a terrific selling point for any White House, and especially one widely criticized for s
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