The Biden administration and leading Democrats reacted with outrage and confusion to the credit rating agency Fitch downgrading its assessment of the federal government. But this development is long overdue. Fitch cited many factors in their analysis, including partisan polarization and standoffs over important legislation. However, the most fundamental problem cited was the rapid increase in the national debt and the inability of Congress to address long-term problems. In fact, Congress appears on the verge of making things even worse by considering new bills to increase spending and deficits. Both federal spending and the national debt have steadily increased over the last 20
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