Commentary: After historic downgrade, U.S. must address its chronic debt problems|chinadaily.com.cn

Commentary: After historic downgrade, U.S. must address its chronic debt problems|chinadaily.com.cn: "BEIJING, August 6 (Xinhua) -- The days when the debt-ridden Uncle Sam could leisurely squander unlimited overseas borrowing appeared to be numbered as its triple A-credit rating was slashed by Standard & Poor's (S&P) for the first time on Friday.
Though the U.S. Treasury promptly challenged the unprecedented downgrade, many outside the United States believe the credit rating cut is an overdue bill that America has to pay for its own debt addition and the short-sighted political wrangling in Washington."