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Center on Budget and Policy Priorities

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PI Original
by Ellyn Fortino
12:31pm
Thu Oct 20, 2016

Illinois Spending On K-12 Education Higher Than Pre-Recession Levels, Report Finds

Most states are spending less on K-12 education now than they did before the Great Recession. Illinois, however, is among the exceptions, according to a new report.

PI Original
by Ellyn Fortino
1:53pm
Tue Sep 13, 2016

Census Bureau: Poverty, Household Income & Health Insurance Coverage Improved Last Year

Progress Illinois breaks down new Census Bureau figures, which showed "superb" income growth and significant drops in the poverty and uninsured rates.

Quick Hit
by Ellyn Fortino
10:58am
Thu Sep 8, 2016

Experts: Federal Reserve Is 'Past Due' For New Monetary Policy Framework

An overhaul of the Federal Reserve's monetary policy framework may be needed in order to achieve a "full employment future."

Economic experts make that argument in a new paper for the Center for Budget and Policy Priorities (CBPP).

The CBPP report explored alternatives to the Fed's current practices. The goal was to examine the proposals' potential effectiveness in promoting full employment, particularly "the strong and sustained labor market conditions that boost living standards and career trajectories across the income distribution and contribute to broad prosperity," the paper reads.

Carola Binder, assistant professor of economics at Haverford College in Pennsylvania and Alex Rodrigue, a Haverford College math and economics major, co-authored the CBPP report. They wrote about their research in an op-ed for the Huffington Post.

"The Fed's monetary policy is not entirely to blame for the problems associated with labor market slack- weak demand, chronically low or negative inflation, slow growth, stagnating wages, and rising inequality - but it could be part of the solution," the op-ed reads. "That will require more than just fine-tuning, however; it will require a new framework for monetary policy. We aspire for a future characterized by full employment: consistently strong labor market conditions that enable workers across the income distribution to bargain for higher wages."

PI Original
by Ellyn Fortino
2:21pm
Wed Jun 8, 2016

National Anti-Poverty Group 'Alarmed' By Caseload Decline In Illinois' Welfare Program

Officials with the Sargent Shriver National Center on Poverty Law are expressing concern over the declining caseload in Illinois' welfare program. Progress Illinois takes a closer look at the issue.

Quick Hit
by Ellyn Fortino
2:31pm
Thu Mar 24, 2016

Ryan Renounces Previous 'Makers And Takers' Rhetoric As Progressives Rebuke GOP 'Austerity' Budget Plan

House Speaker Paul Ryan (R-WI,1) expressed regret this week for his past comments against poor Americans, saying in a major speech Wednesday that he was wrong for calling people "makers and takers."

"There was a time that I would talk about a difference between 'makers' and 'takers' in our country, referring to people who accepted government benefits. But as I spent more time listening, really learning the root causes of poverty, I realized something. I realized that I was wrong," Ryan said during his speech about the state of American politics. "'Takers' wasn't how to refer to a single mom stuck in a poverty trap, trying to take care of her family. Most people don't want to be dependent. And to label a whole group of Americans that way was wrong. I shouldn't castigate a large group of Americans just to make a point."

In a question and answer session after his speech, delivered before a group of House interns, Ryan added, "I was callous and I oversimplified and I castigated people with a broad brush. That's wrong. And there's a lot of that happening in America today. I myself have made that mistake."

Despite Ryan's noteworthy change in rhetoric, and his push this year to make combating poverty a top GOP priority, critics say his policies speak for themselves.

PI Original
by Ellyn Fortino
11:39pm
Wed Jul 22, 2015

U.S. House Budget Bill Seeks Deep Cuts To Education, Labor & Health Programs

Progress Illinois takes a closer look at a U.S. House budget bill covering the departments of labor, health and human services (HHS) and education. The House Appropriations Committee advanced the spending measure last month.

PI Original
by Ellyn Fortino
4:59pm
Tue Jun 16, 2015

As Demands Grow For Federal Rental Assistance, Housing Advocates Oppose Cuts In House Budget Bill

Progress Illinois takes a look at the growing demand for federal rental assistance and why many housing advocates are opposing a controversial appropriations bill approved by the U.S. House last week. 

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