Upgrading the U.S.A.

The article reports that the ratings agency Standard & Poor Corp. has reduced the U.S. long-term debt rating from AAA to AA+. It states about the debt problem in U.S. which results from the spending on Social Security, Medicare, and Medicaid and this increases the debt-to-GDP ratio in the coming years. It informs that progresses should be needed for meeting the upcoming deficit-reduction to reduce the debt-to-GDP ratio.