Demos Senior Policy Analyst Viany Orozco joins WBAI's Hugh Hamilton to discuss a new Demos report "The Great Cost Shift" which examines how state disinvestment in public higher education over the past two decades has shifted costs to students and their families. Download "The Great Cost Shift...
A report issued on Thursday by the city government said Yonkers faced an $89 million shortfall for the next fiscal year, and $465 million over the following three years. The developments come as municipalities around the state and the nation face a growing fiscal crisis. In an interview, one of the...
The Congressional Progressive Caucus Fiscal Year 2013 budget, Budget for All, offers an important alternative to both the Obama Administration’s budget and that presented last week by Paul Ryan and the House Budget Committee. The CPC budget would accomplish several important goals at once: 1)...
Thom talks with a panel of experts (Robert Reich, Leo Hindery, Robert Borosage, Heather McGhee and Natalie Foster) on how to "take back the American Dream." The discussion focuses on three key elements: why and how we almost plunged into a second great depression, what kind of future will Americans...
The other day , Jörg Krämer, chief economist for Commerzbank in Frankfurt, said of the Greeks, ‘‘If you live beyond your means, then you can repair your balance sheet only if your consumption goes down.’’ This sentiment has become a German mantra. Germany’s price for the latest bailout deal has...
Any college freshman in Econ 101 can tell you about the famous "Guns or Butter" model. A simplified version of a country's spending choices, it lays out the costs and benefits of investing in "guns" (defense), or "butter" (civilian goods). The recent failure of the not-so-super committee, which...
Young adults can ill-afford expensive medical costs. As they wipe out savings, young people turn to credit cards to pay their medical bills.
Student loan debt continues to increase rapidly. For the first time, total student loan debt has surpassed the amount of credit card debt.
Student loan default rates increased by nearly one-third in just 2 years. In 2009, 15% of graduates from for-profit schools were in default.
If your personal debt has increased in the last four years, has that been increased credit card debt, mortgage debt, school loans, a car loan, other personal loans, taxes, medical bills, or something else? (accept all that apply)