How badly did the debt fight damage America's image abroad?
Foreign observers were horrified by Washington's bungling of a debt-ceiling hike, and Uncle Sam's reputation may never recover

Russian Prime Minister Vladimir Putin, disgusted by Washington's rancorous battle over the debt crisis, says the U.S. is living beyond its means, "like a parasite" on the global economy. Other nations are also gloating. The state-controlled Xinhua newspaper in China, which owns a fortune in U.S. bonds and currency, called Congress's flirtation with default "dangerously irresponsible." Did the fight over the debt ceiling do irreparable harm to America's global economic leadership?
The U.S. is now a laughingstock: "The United States has made a fool of itself," says Philip Bowring at The Jakarta Globe. This fiasco shined a glaring light on America's dysfunctional political system "to the point of seriously damaging the U.S. position in the world." Not only that, but by making bond investors jittery, Washington will drive up the cost of borrowing for everybody. Thanks a lot, America.
"A global laughingstock, U.S. politicking could hurt us all"
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
And Congress' last-minute deal failed to undo the damage: This ugly fight was like a "scary movie," says China's Global Times in an editorial, and the ending was nothing to cheer about. The 11th-hour agreement merely allowed a country mired in debt to borrow another $2.4 trillion. All that does is send the U.S. "sinking further into quicksand," and every country that holds U.S. debt will suffer if the bottom falls out of America's economy. Sadly, there's no longer any point in trying "to talk sense into the U.S."
"U.S. debt deal merely delays pain for all"
Blame the Tea Party for making Uncle Sam look bad: Everyone's glad "the prospect of financial Armageddon appears to have been averted," says Britain's Independent in an editorial. But the debt ceiling — a "nonsensical legal cap" on Washington's ability to borrow money — is still in place. "And as long as a generation of Republican politicians feel entitled to hold a gun to the head of the credit of America to secure their political ends — disaster will never be far away."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Do smartphone bans in schools work?
The Explainer Trials in UK, New Zealand, France and the US found prohibition may be only part of the solution
-
Doom: The Dark Ages – an 'exhilarating' prequel
The Week Recommends Legendary shooter adds new combat options from timed parries to melee attacks and a 'particularly satisfying' shield charge
-
7 US cities to explore on a microtrip
The Week Recommends Not enough vacation days? No problem.
-
The JFK files: the truth at last?
In The Spotlight More than 64,000 previously classified documents relating the 1963 assassination of John F. Kennedy have been released by the Trump administration
-
'Seriously, not literally': how should the world take Donald Trump?
Today's big question White House rhetoric and reality look likely to become increasingly blurred
-
Will Trump's 'madman' strategy pay off?
Today's Big Question Incoming US president likes to seem unpredictable but, this time round, world leaders could be wise to his playbook
-
Democrats vs. Republicans: who are the billionaires backing?
The Explainer Younger tech titans join 'boys' club throwing money and support' behind President Trump, while older plutocrats quietly rebuke new administration
-
US election: where things stand with one week to go
The Explainer Harris' lead in the polls has been narrowing in Trump's favour, but her campaign remains 'cautiously optimistic'
-
Is Trump okay?
Today's Big Question Former president's mental fitness and alleged cognitive decline firmly back in the spotlight after 'bizarre' town hall event
-
The life and times of Kamala Harris
The Explainer The vice-president is narrowly leading the race to become the next US president. How did she get to where she is now?
-
Will 'weirdly civil' VP debate move dial in US election?
Today's Big Question 'Diametrically opposed' candidates showed 'a lot of commonality' on some issues, but offered competing visions for America's future and democracy