Wall Street, and the, “business,” media that cover it, try, with great success, to misrepresent the US government's debt wherever possible.
For instance:
Republicans have historically used the debt/deficit as a cudgel and do not allow a fix to happen;
The debt increased intentionally during the 45 administration from the large tax breaks given to wealthy folks and profitable corporations;
The debt is often reduced only during a Democratic administration (see also: Bulls, Bears and the Ballot Box, and: A Brief History of Doom (Two Hundred Years of Financial Crisis)... Two books clearly missing from the libraries, if there are any, on Wall Street.);
Keynesian investment during the first two years of the Biden administration caused the US economy to recover from Covid related problems faster than any other OECD nation;
The Democrats aren't perfect, but they are the only political party in the USA attempting to control the US debt (refer to the previously mentioned book);
The US government oft gets continuing resolutions instead of responsibly updated budgets because Republicans have patrons to please, and chaos to maintain; blame on Democrats;
If the government doesn't shut down, and the tax breaks of the 45 administration are allowed to expire, the debt gets significant, immediate reduction.
The, "both sides do it,"
nonsense has always been fecal matter, and Wall Street too oft
spreads it thick... Check for a build up of rich, organic soil
on, “the Street.”
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