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It would suggest they did, in fact, make a calculation error or misunderstood the direction of this deficit reduction process, and they would lose credibility. let me say, also, most of the rating agencies, in my mind, anyway, have no credibility. they missed the subprime crisis, ignored things in europe that led to their crisis and downgraded entities after the fact. just like the horse has been out of the barn for quite some time on european debt, certainly on u.s. debt. the fact they're doing it now seems somewhat ill-timed and looking at the ramifications of it, somewhat ill-advised as wel...