(Yet Another) Warning on The U.S. Government Debt

Today Fitch's Ratings issued a statement that if the U.S. Government does nothing to correct its growing debt problems it will review the U.S. Government's credit rating in August 2011. August 2011 is when the current emergency measures to extend the U.S. Government's ability to borrow money under the current debt ceiling expire. Moody's as well as Standard and Poor rating services have already issued warnings of a credit rating review. Is anyone in Congress or the Administration paying attention here?? We'll find out by Sept. 30. 2011, when the 2011 fiscal year ends.