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Today Fitch downgrading USA's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'.

The Biden administration, the administrative state, and enablers in both parties in Congress have succeeded in destroying the U.S. economy, and market perception of the nation's will, and ability to pay its debt.

President Biden and I are committed to fiscal sustainability. The most recent debt limit legislation included over $1 trillion in deficit reduction and improved our fiscal trajectory. Looking forward, President Biden has put forward a budget that would reduce the deficit by $2.6 trillion over the next decade through a balanced approach that would support investments for the long-term," declared Treasury Secretary Janet Yellen.

She is lying, of course.

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