04/25/2011 08:40 am ET Updated Jun 25, 2011

U.S. Debt Has Become An International Issue: Chrystia Freeland

Now, as the relative power of the United States in the global economy declines, it is a fact of life that Americans need to get used to, too. That is one of the important messages of the S&P decision at the beginning of this week to put the United States on a negative outlook -- essentially a warning that the ratings agency is no longer certain the United States will maintain its AAA rating.