Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Stimulus

Remember When Obama and Biden Tried to Cut Social Security by $230 Billion?

Videos have emerged in which Joe Biden speaks in favor of entitlement reform. Biden disputes the claims:

The thing is, Joe Biden and Barack Obama did try to cut Social Security. It’s one of the forgotten pieces of Obama’s legacy. It was called the ‘Grand Bargain’. Let me tell you the story.

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The Higher Education Bubble Isn’t Going to Burst Without Our Help

For a long time, we’ve been sending more and more people to college. We’ve sent so many people to college that many graduates can no longer find good jobs when they leave. More than 40% end up working in jobs that used to require no degree:

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Some have been waiting for market forces to solve this problem. Way back in 2015, Senator Marco Rubio argued that folks would stop going to university and start pursuing jobs in the trades. Instead of studying philosophy, Rubio suggested the kids take up welding:

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Britain: For the Love of God, Please Stop Boris Johnson

On 12 December, Britain has a general election. I care deeply about British politics–I did my BA over there and am finishing up a PhD there as we speak. But more importantly, the Conservative Party has managed the country’s economy and future with stunning fecklessness, and I couldn’t live with myself if I didn’t do my part to point this out.

Let me tell you the story of what happened in Britain and how Cameron, May, and Johnson are making everything much, much worse.

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What Would Happen if We Returned to the 70% Top Tax Rate?

Alexandria Ocasio-Cortez (D-NY) has been shopping the idea of a 70% top rate of tax on earnings above $10 million. It’s popular proposal, with initial polling showing a solid majority of Americans in favour. While this policy can’t pass this congress, it’s indicative of the kinds of reforms we might see if we organise to elect more politicians like AOC in 2020 and beyond. So what would happen if we elected more AOCs and they enacted this policy?

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The Siren Song of Austerity and the Erosion of the Centre

I wrote a piece on austerity for In the Long Run, a Cambridge blog. You can read it here:

http://inthelongrun.org/articles/article/the-siren-song-of-austerity-and-the-erosion-of-the-centre