Wednesday, October 2, 2013

Government Shutdown

http://finance.fortune.cnn.com/2013/10/01/obama-safety-net-shutdown/Numerous social networking political scientists the past couple of days created numerous conjectures as to why the government shutdown. Most of these conclusions blamed the President, Barack Obama, for the shutdown; however, evidence has recently been published showing that the shutdown may not have actually been all of Obama's fault. The study finds that the soending on the social safety net as a percentage of the population did not greatly increase in the Great Recession, at least not compared to other recessions. The important information the two Cal professors found is that all of the spending increases under Obama appear because of this automatic spending in response to a worse-than-usual recession. It was not because of Obama's policy changes or stimulus packages.

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