Spinning fast and furious, just doesn't wring clothes dry

My washer is working fine. When you open the washer during the spin cycle, it is spining furiously. But at the end of the cycle, the clothes are still wringing wet. I have had to resort to emptying out half the clothes and spinning them possibly two to three times more to get them so you could put them in the dryer. Now, after doing that process for weeks now, you can't wring the clothes dry enough to put in the dryer at all.