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Apr 18 2011

Dr. Coburn’s Statement on Standard and Poor’s Decision to Lower its Outlook for U.S. Credit Rating

(WASHINGTON, D.C.) – U.S. Senator Tom Coburn, M.D. (R-OK) released the following statement today regarding the decision by Standard and Poor’s to lower its outlook for our nation’s long-term credit rating to “negative” from “stable.”

“Today’s warning from S&P highlights the dangers of waiting for the perfect political moment to tackle our debt crisis. Waiting until the next election puts our fiscal and national security at risk. It’s time for both sides to drop their partisan talking points and decide what we can do together while we still control our own destiny. If we refuse to negotiate within our own government, we will soon find ourselves negotiating with foreign governments and the international financial community on terms far less favorable than we enjoy today,” Dr. Coburn said.

Click here to read the full report by Standard & Poor, "United States of America 'AAA/A-1+' Rating Affirmed; Outlook Revised To Negative".

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