Economic Update: Reparations and Forgiving Student Debts

Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives. I’m your host, Richard Wolff. I want to jump right into a remarkable story. I want to talk about people who don’t get talked about enough. Two million Americans are what we call “home healthcare workers.” […]

Continue Reading...

Student Loan Debt CRUSHING Millennials, And The Economy

THE WALL STREET JOURNAL IS REPORTING THAT FOR THE FIRST TIME MORE THAN HALF OF THE STATES IN THE US ARE REQUIRING STUDENTS TO PAY MORE INTUITION FOR STATE SCHOOLS AND UNIVERSITIES COMPARED TO WHAT THE GOVERNMENT IS CONTRIBUTING TO THEIR TUITION. THESE AGAIN ARE GOVERNMENT-FUNDED, THEY ARE NOT PRIVATE SCHOOLS. HOWEVER HISTORICALLY THE GOVERNMENT […]

Continue Reading...

Why skyrocketing federal debt will mean the next recession is harder to overcome

JUDY WOODRUFF: Even as the president is weighing what he would try doing if the U.S. economy slows down, there are stunning new figures about how the federal deficit is growing worse than projected. The news came yesterday from the nonpartisan Congressional Budget Office. In fact, as a share of the total economy, the deficit […]

Continue Reading...