An analysis of competitive House races in the 2014 midterms by MASSPIRG and the think tank Demos confirmed that such a program could fundamentally change the balance of power in Congressional elections.
“This view that college pays off and that most people pay off their loans, is narrow and tragically flawed,” Heulsman said in his opening remarks. “This is a crisis of equity, it’s a crisis of opportunity and we’ll argue it’s a crisis for the economy.”
While the highest income bracket noticed a drop another source that analyzes the wealthiest one percent found that in 2008, 99 percent voted, which shows that the very peak of wealth controls most of what happens in America.
What would America look like if donors didn’t rule the world? It’s an interesting question and one worth pondering as the 2016 Presidential campaigns kick off. Available data reveals that donors not only have disproportionate influence over politics, but that influence is wielded largely to keep issues that would benefit the working and middle classes off of the table.
Yesterday was the 50th anniversary of the Voting Rights Act, which has been both sword and shield for racial equity and inclusive democracy. And yet today, the right to vote for millions of Americans is in more danger than at any time since the passage of the law, thanks to the Supreme Court decision two years ago that struck down the most important part of the law and cleared the way for states to enact targeted voting restrictions.
Declining state appropriations for higher ed is responsible for more than three-quarters of tuition hikes between 2001 and 2011, the analysis found. Increased spending on administration and building projects accounts for only about 12 percent of the tuition increases over that time. During the recession, when many states scrambled to cope with shrinking coffers, lawmakers slashed spending on public universities. But appropriations haven't returned to prerecession figures despite an improving economy.
New U.S. Census data released on July 19 confirm what we already knew about American elections: Voter turnout in the United States is among the lowest in the developed world. Only 42 percent of Americans voted in the 2014 midterm elections, the lowest level of voter turnout since 1978. And midterm voters tend to be older, whiter and richer than the general population.
Jenn Rolnick Borchetta, senior counsel for Demos, praised Oklahoma for agreeing to address what she said was “a disconcerting number of people who should have gotten voter-registration assistance and didn’t get it at all.” Demos and other organizations pursued the case based on statistics showing a disproportionately low number of low-income people who were registered in Oklahoma, which sparked an investigation.
“If we begin to think of education as a part of the economic mobility system, then we can begin to think of education’s implications for children long after school,” Elliott, who also serves as the founding director of the Center on Assets, Education, and Inclusion (AEDI), explained at a recent New America event.
Today's very high threshold for default rates allows tons of colleges to mask poor student outcomes and doesn't take into account the difficulty students are having with repayment itself. But moving beyond the extreme scenario of student default — which means a borrower has been unable to pay their loan back for at least 9 months in the case of federal loans — is important to developing a more nuanced understanding of post-graduation hardship.
While every single Democratic member of the Legislature has signed on as a sponsor of this bill, not a single Republican has been willing to break from party orthodoxy and let common sense trump caustic partisanship.
Imagine the benefits to our state economy and Wisconsin families if millions of dollars in interest on student loans paid by borrowers every year to the federal government and Wall Street banks would instead stay right here.
The St. Louis Fed findings add to the growing body of evidence that higher education benefits some groups more than others, which may help to exacerbate the yawning racial wealth gap instead of shrink it. Black and Hispanic students are more likely to approach college with lower levels of wealth on average and are, therefore, more likely to have to borrow to attend school, according to a report earlier this year from Demos, a left-leaning think tank.
As the 2016 campaign heats up, one story that's being largely ignored is how voter turnout will affect policy. Although many people, particularly young Americans, believe that their vote doesn't matter, new research suggests nothing could be further from the truth.
eddy Roosevelt famously argued that, when it comes to foreign policy, one should “Speak softly, and carry a big stick.” Similarly, an apt summation of the political inclinations of billionaires might be, “Speak softly, and carry a big check.”
Almost everyone agrees that education, innovation and human capital are critical to economic growth and security. And anyone who can’t find a job or is stuck with a low-paying job is told to acquire the skills necessary to succeed in today’s economy.
Unfortunately, the results of believing in that myth have been catastrophic. Earnings have stagnated or declined for everyone except the very top earners, even for those who have educational qualifications, and jobs that didn’t previously require credentials now do.
“There’s an assumption out there that because community and technical colleges and workforce retraining programs are lower cost than elite Ivy League institutions that borrowing isn’t an issue for those students, but it’s precisely the opposite,” said Mark Huelsman, a senior policy analyst at think tank Demos, who studies student debt. “These are students who have fewer financial means to begin with, they’re more likely to borrow, and if they borrow it’s just a fundamentally different prospect.”
Americans who vote are different from those who don’t. Voters are older, richer, and whiter than nonvoters, in part because Americans lack a constitutional right to vote and the various restrictions on voting tend to disproportionately impact the less privileged. In 2014, turnout among those ages 18 to 24 with family incomes below $30,000 was 13 percent. Turnout among those older than 65 and making more than $150,000 was 73 percent.
The key to changing public policy in key areas is increasing the number of people who vote, according to a recent report by Demos, a public policy group that supports economic and social equality.
When compared to White voters, non-White voters were more likely to support policies that increased government spending on the poor, guaranteed jobs and a standard of living and reduced inequality.