When underwriting loans actually had standards, before the liberals decided to regulate common sense out of the decision process, a 620 credit score and above was considered "A" paper. Hardly a "deadbeat" designation.
Before the liberals spent our nation's treasures, the USA had a AAA credit rating. Now, due to liberal insanity, it is AA and soon to fall again.
You will notice that the bankrupt states, are all blue states.