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People are reacting to the headline, but the article is basically the opposite of what most people assume. This is The Atlanic. Their problem is that the Democrats aren't doing enough austerity.
Tbf, the US is heading towards a debt crisis. However, the reason for that is because of the absurdly bloated military budget and pointless adventurism, while the article frames it entirely in terms of "taxes are too low and we spend too much on social programs." How are the Democrats supposed to win without promising the voters anything? This is never addressed. But that's apparently the lesson the author thinks they should learn. Run on austerity, if you somehow manage to win, prioritize the debt - and then when they inevitably lose the next election because everyone's lives got worse, the Republicans will have more money to play with to fund things like ICE and the Iran War.
It's nonsense. Winning means promising QoL improvements and following through on them. Yeah the debt is a problem, but that's exactly why military cuts are necessary. Trying to solve the debt problem just creates a political problem, it's the sort of thing to worry about once you've already secured power.