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Threatening to undermine our creditworthiness is no less irresponsible than threatening to undermine the rule of law, and no more legitimate than any other common demand for ransom.
UPDATE: Here's the key quote: The rating change does not call into question the economic fundamentals of our country, the efforts undertaken by the government or our creditworthiness.
"Given the gravity of the challenges facing the U.S. and world economies, the world's confidence in our creditworthiness is even more critical today," Mr. Geithner said.
Perhaps this strategy might yield some short-term political gains, but the damage to our creditworthiness would be immense, and the consequences would be felt sooner rather than later.
We're putting our creditworthiness at risk.
Doing that won't have any effect on our creditworthiness at all.
Similar(54)
But what of the heart of the matter: maintaining our long-term creditworthiness and reducing our indebtedness?
In the meantime we must protect America's creditworthiness by ensuring that our government can pay the bills it has already incurred.
Creditworthiness is disappearing before our very eyes.
Martin Winn, a spokesperson for Standard & Poor's, said the agency was "focused on fulfilling our role to investors by providing an independent view of creditworthiness — one based on rigorous analysis and our transparent and consistently applied criteria.
This flawed arrangement may be nearing its breaking point, thanks to our reckless spending, expanding debt, and increasingly questionable creditworthiness.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com