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Coburn: U.S. Credit Rating Downgrade "Long Overdue" (Aug 08, 2011)
U.S. Sen. Tom Coburn (R-OK) called Standard & Poor’s downgrade of the U.S. credit rating “long overdue.”

Oklahoma’s junior U.S. Sen. and well-known deficit hawk said in a statement Saturday the downgrade of the AAA credit rating means there is nowhere left to kick the can.

S&P made the move because the credit agency felt the deficit reduction plan passed by Congress last Tuesday did not go far enough to stabilize the country's debt situation.

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