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Why We Must Spend Now
Per
two new studies, the CARES Act saved millions from poverty at the
beginning of this pandemic. But with most aid depleted or expired, and
no follow-up from Congress, as many as 8 million people have now
fallen into poverty since May—and Black people and children have been
hit the hardest.
That points to a possible K-shaped
recovery, wherein low-income people fall even further behind, while
high-income people bounce back quickly.
As Roosevelt Chief Economist
Joseph
Stiglitz explained
on WBUR’s Here &
Now, such conditions could
delay full economic recovery by two years and necessitate a targeted
relief program.
Coming soon, a new Roosevelt issue brief by
Stiglitz will explain why the COVID-19 crisis is different from other
economic downturns and how we can recover and restructure in its wake.
How Public Options Can Increase Equity
At the 23rd annual Milken Institute
Global Conference this week, Roosevelt President & CEO Felicia
Wong joined GLAAD President & CEO Sarah Kate Ellis, Yale Law
School’s Daniel Markovits, and Ford Foundation President Darren Walker
for a session on privilege and the policies we need for greater
equity.
“We can talk about public options;
we can talk about public options for broadband,
we can talk about public options for banking,
we can talk about public options for universities.
And this isn’t just some fantasy idea from the progressive left,” said
Wong. “These are actually things that we have done in American society
in the past that have made huge differences in real people’s
lives.” Watch
here.
Reparations across the Americas
“What can be learned from the
evolving case for a national reparations program in the United States
for Black people whose ancestors were enslaved across the Americas? In
light of the Black Lives Matter protests, the time is now for these
conversations,” Roosevelt Senior Fellow Sandy Darity and folklorist A.
Kirsten Mullen write in a British
GQ op-ed. “As protests opposing anti-Black
police violence and racial inequity have erupted around the globe, the
cause of reparative justice has become ever more compelling.”
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