FOR IMMEDIATE RELEASEWednesday, August 1, 2012CONTACT: Joanne Schwartz, Executive Director at 303-991-1900DENVER: Learning today of the vote by Colorado Republican members of Congress to reject the Senate's plans for extending the Bush tax cuts for middle class Americans, ProgressNow Colorado, the state's largest online progressive advocacy organization, offered the following statement:
Americans owe more than $150 billion in outstanding private student loan debt, according to a report to Congress by the Consumer Financial Protection Bureau (CFPB). The report estimates that the student loan market grew from less than $5 billion in 2001 to more than $20 billion in 2008. Last year, it fell sharply, to less than $6 billion, after tighter underwriting standards took effect.
The Supreme Court's recent ruling on the Affordable Care Act allows states to opt out of the health reform law's Medicaid expansion without losing federal funding for their entire Medicaid program. The expansion would provide coverage to low-income adults and children.
Several governors quickly announced their intention to opt out, citing state budget concerns. Gov. John Hickenlooper has not publicly stated a position on these expansions.
FOR IMMEDIATE RELEASEFriday, July 27, 2012CONTACT: Joanne Schwartz, Executive Director at 303-991-1900DENVER: As the controversial American Legislative Exchange Council (ALEC) wraps up its annual meeting in Salt Lake City, ProgressNow Colorado, the state's largest online advocacy organization, renewed its call for Colorado legislators to disclose their involvement with the organization and "model legislation" from ALEC introduced in Colorado.
Economic mobility, or the likelihood that people and families can move up the economic ladder, has received considerable attention recently. We highlighted the results of a Pew Center on the States report documenting trends in mobility last week, and others are commenting on and analyzing these trends as well.
The rate of economic mobility is closely related to inequality – the more economic and social resources an individual or family has, the more likely they are to move up the economic ladder.