Jan 27, 2018, 11:44 AM
News Code: 82809430
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US government shutdown 'a bit of charade': US economist

New York, Jan 27, IRNA – The shutdown of the US government is a political show by the Democrats and the Republicans and has no serious economic consequences, an economy professor of St. Mary College told IRNA on Saturday.

'Democrats wanted the DACA deal [in full: Deferred Action for Childhood Arrivals], … and the Republicans wanted more tax cuts that were hanging over from their failure to repeal Obamacare last year,' said Jack Rasmus.

'Part of Obamacare was $ 692bn of taxation on businesses and the wealthy, that’s how it was partially financed,' he said, adding that the wealthy and conservatives hated Obamancare baxause of its taxes.

Republicans also held the Children's Health Insurance Program (CHIP) hostage, in which nine million children in the US were guaranteed health insurance care, to get their tax cuts for Obamacare.

'They [the Donkeys and the Elephants] agreed to extend the CHIP Program for another six years; the Democrats got that and the Republicans got their tax cuts' which left the DACA kids 'out on a limb', he added.

That means 'the Republicans outmaneuvered the Democrats once again, dealing with the corporate right wing conservatives, which Trump is one of its elements', he said.

Answering a question about why the government shutdown is not once and for all settled, Rasmus said, 'Because they don’t want to.'

'Threatening to shut down is a tactic in which if you don’t get what you want you can go to the American public and blame the other party for causing the shutdown.'

He also said that the shutdown was a partial one, and if there is 'a real shutdown', all the military, health, education, and post offices will be closed, and all the funding by the federal government would stop flowing. 'But none of that happened because it's a game.'

Answering a question about why the media are making a big thing about it, he said, 'The media loves the stuff that sells', it's a game for the media too.

Dr. Jack Rasmus, a PhD-holder in Political Economy, teaches economics and politics at St. Mary’s College in California. He is also the author and producer of various nonfiction and fictional works.

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