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The Debt Crisis Is a Democracy Crisis | 9/17/26

As Republicans head toward what looks like a perilous midterm election, affordability is on everyone’s lips. The Biden administration never convinced voters that it had brought food and housing costs under control. Some Republicans have tried to pretend the problem does not exist; others have acknowledged it without making meaningful progress. Both Joe Biden and Donald Trump made choices that worsened the pressure, from expanding federal spending to deepening costly foreign commitments. Neither party has a durable solution. The Congressional Budget Office projects a $1.9 trillion deficit for…

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