1. The government has collected less in taxes as a proportion of the economy in the past three years than it has in any three-year period since World War II, and tax rates are at historic lows.
Demos and Young Invincibles partnered to complete the State of Young America report, the first comprehensive look at the economic challenges facing young adults since the Great Recession.
Blatant redistribution, the argument goes, may fly in Europe with its strong class identity, but is a non-starter here, where the value of individual self-reliance is dominant. Is this really true?
America's students are facing a serious threat from subprime private loans, and the situation could worsen unless Congress votes to close a potential loophole in the proposed Consumer Financial Protection Agency.
The Contract for College would unify the existing three strands of federal financial aid — grants, loans and work-study — into a coherent, guaranteed financial aid package for students.