{"id":99,"date":"2011-08-10T09:47:29","date_gmt":"2011-08-10T15:47:29","guid":{"rendered":"http:\/\/www.gbvdems.org\/blog\/?p=99"},"modified":"2011-08-10T09:47:29","modified_gmt":"2011-08-10T15:47:29","slug":"interesting-article-on-harvard-business-reviews-blog-does-standard-poors-deserve-a-downgrade","status":"publish","type":"post","link":"http:\/\/www.gbvdems.org\/blog\/?p=99","title":{"rendered":"Interesting article on Harvard Business Review&#8217;s blog:  Does Standard &#038; Poor&#8217;s Deserve a Downgrade?"},"content":{"rendered":"<p><a href=\"http:\/\/blogs.hbr.org\/cs\/2011\/08\/does_standard_poors_deserve_a.html?cm_sp=most_widget-_-default-_-Does%20Standard%20%26%20Poor's%20Deserve%20a%20Downgrade%3F\">http:\/\/blogs.hbr.org\/cs\/2011\/08\/does_standard_poors_deserve_a.html?cm_sp=most_widget-_-default-_-Does%20Standard%20%26%20Poor&#8217;s%20Deserve%20a%20Downgrade%3F<\/a><\/p>\n<p>about 2\/3 down the page you&#8217;ll come to :<\/p>\n<p><strong>We must separate the risk of politicians acting childishly (extremely high) from the risk of the United States actually defaulting on its debt (extremely low).<\/strong><\/p>\n<p>Ironically, the political gridlock that caused the downgrade may actually help to reduce our debt. David Leonhardt <a href=\"http:\/\/www.nytimes.com\/2011\/07\/13\/business\/economy\/why-taxes-will-rise-in-the-end-david-leonhardt.html?scp=6&amp;sq=david leonhardt&amp;st=cse\">remarked in the New York Times<\/a> that if Congress remains deadlocked and cannot agree on a new tax policy, then the Bush tax cuts will automatically expire across all tax brackets on January 1, 2013. According to <a href=\"http:\/\/www.bloomberg.com\/news\/2011-07-28\/democrats-can-lose-on-debt-win-on-bush-tax-cuts-commentary-by-ezra-klein.html\">Bloomberg<\/a>, this &#8220;amounts to a $3.6 trillion tax increase over 10 years,&#8221; roughly four times more than the debt deal negotiated between Democrats and Republicans. In other words, the political gridlock that Standard &amp; Poor&#8217;s considers a major factor in our downgrade might be a major factor in righting our ship.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>http:\/\/blogs.hbr.org\/cs\/2011\/08\/does_standard_poors_deserve_a.html?cm_sp=most_widget-_-default-_-Does%20Standard%20%26%20Poor&#8217;s%20Deserve%20a%20Downgrade%3F about 2\/3 down the page you&#8217;ll come to : We must separate the risk of politicians acting childishly (extremely high) from the risk of the United States actually defaulting on its debt (extremely low). Ironically, the political gridlock that &hellip; <a href=\"http:\/\/www.gbvdems.org\/blog\/?p=99\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,12],"tags":[],"class_list":["post-99","post","type-post","status-publish","format-standard","hentry","category-political-news-dc","category-political-news-national"],"_links":{"self":[{"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/99","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99"}],"version-history":[{"count":0,"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/99\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.gbvdems.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}