Some recommended articles on recent topics:
Many progressive initiatives are circulating petitions seeking support for getting onto the 2018 November ballot. Three initiatives in particular are being recommended by the club. Look for petition gatherers for the following initiatives:
- California Schools and Local Communities Funding Act of 2018 – to reform the commercial property side of Prop 13 so that commercial properties are assessed on a regular basis.
- Repeal the Costa-Hawkins Rental Housing Act
- Voting Restoration and Democracy Act
The Wellstone Democratic Renewal Club is pleased to announce we are co-sponsoring the “Radical Empathy Forum” for the Assembly District 15 candidates, hosted by Empathy Tent and Bridge USA at Berkeley, on Saturday, April 7th, from 3 pm to 6 pm. See their Facebook event page for more details.
The Sanders Institute has an economic study out on what the macroneconomic effects of full student debt cancellation would be. From the executive summary:
More than 44 million Americans are caught in a student debt trap. Collectively, they owe nearly $1.4 trillion on outstanding student loan debt. Research shows that this level of debt hurts the US economy in a variety of ways, holding back everything from small business formation to new home buying, and even marriage and reproduction. It is a problem that policymakers have attempted to mitigate with programs that offer refinancing or partial debt cancellation. But what if something far more ambitious were tried? What if the population were freed from making any future payments on the current stock of outstanding student loan debt? Could it be done, and if so, how? What would it mean for the US economy?
Read the entire study here: http://wellstoneclub.org/download/sanders-institute-study-on-student-debt-cancellation/?wpdmdl=1590