Topic

Coronavirus Aid

316 petitions

Update posted 1 day ago

Petition to Joseph R. Biden, Miguel Cardona, Richard Cordray, James Kvaal

POTUS: Cancel All Federal Student Loans, and Return Consumer Protections to the Rest.

Trillions could be injected into the economy with no tax money needed, and nothing added to the national debt.   Before the pandemic,  80% of the 45.4 million people holding federal student loans were either unable to pay, or were paying but their balances were going up.  Over one-third of U.S. states have student debt loads that eclipse their entire state budgets. People over the age of 50 with student loans outnumber people under 25, and they owe 3 times more, despite having borrowed far less.  The default rate for 2004 students is 40%, and they took out less than a third of what today's students have to borrow.   The default rate for current borrowers will likely exceed 75%.  This is more than four times the default rate of sub-prime home mortgages.  By all rational metrics, this is now a catastrophically failed, and nationally threatening lending system. We do not have to take this. The President and Secretary of Education have all the authority needed to cancel all federally owned student loans- about 85% of all student debt. Nothing would be added to the national debt, and no congressional approval or appropriation is needed.  The President can also order the Department of Education to stop opposing student loan borrowers in bankruptcy court.  For the good of the nation, it is time to end this broken federal lending system.  We call on President Biden cancel all federally owned loans by executive order, and replace this failed lending system with a less expensive, more state-friendly funding model for higher education.  We also call on both the President and Congress to return standard bankruptcy protections to ALL student loans, by executive order and through legislation. This will greatly stimulate the economy.  Analysts have estimated that cancelling student loans will increase GDP by over $100 billion for the next ten years, but they neglect increased borrowing capacity that will enable people to buy homes, start businesses, etc.  This would be an additional $1 Trillion (roughly) in direct spending in the near/medium term.   This is not a partisan problem.  More than half of all student loan borrowers identify as being politically independent, or republican. "Red" states are being hurt significantly worse than "Blue" states.    Claims that cancelling loans will largely benefit people who don't need it are wrong.  80% of all borrowers were "underwater" on their loans before the pandemic. All borrowers were determined to be "financially needy" as a condition for federal loans. More than 40% never graduated.   The most successful student loan borrowers tend to refinance their loans out of the federal system, so they won't benefit. Rest assured, the taxpayers will be fine. The federal government has been profiting greatly on these loans for many years, and the Department of Education has even been making a profit on defaulted loans for decades.  While it is not known how much of the $1.6 Trillion federal portfolio is unpaid principal, it is likely a small fraction of the total. On balance, the taxpayers will have very little- if any- net loss when these loans are cancelled. PLEASE HELP GROW THIS PETITION: Re-tweet this, and follow us. Paste the link to it across social media platforms. Get at least two people you know to sign. Tell your local media to report on it. Give it a boost. PLEASE...DO YOUR PART.  THIS HISTORIC PETITION REQUIRES MORE THAN JUST YOUR SIGNATURE TO SUCCEED- Petition created by Alan Collinge, founder of StudentLoanJustice.Org and author of The Student Loan Scam (Beacon Press). 

Student Loan Justice
1,044,071 supporters
Update posted 2 days ago

Petition to U.S. House of Representatives, U.S. Senate

$2000/month to every American #moneyforthepeople #covid19

**UPDATE: Our country is still deeply struggling. The recovery hasn’t reached many Americans – the true unemployment rate for low-wage workers is estimated at over 20% and many people face large debts from last year for things like utilities, rent and child care. These are all reasons that checks need to be targeted to people who are still struggling and that Congress needs to learn from this past year. It took nine months for Congress to send a second stimulus check, and just moments to spend it. Moving forward Congress needs to make recurring checks automatic if certain triggers are met. No more waiting around for our government to send the help we need. Sign to join our movement to get recurring checks to the people. My name is Stephanie, and I am one of millions of Americans who fear for my financial future because of this coronavirus crisis. With businesses and schools closing across the country to control the spread of this virus, many people have already lost their jobs. Others are being forced to stay home. This is catastrophic for working families like mine.  I’m calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis. Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table. My husband and I own a restaurant in Denver and these past two weeks have been a blur. Our restaurant community is wrestling with seeing everything we all have worked so hard for irrevocably changed. Our hearts were breaking as we watched our staff divide the ingredients in our kitchen to bring to their homes: a dismal token for employees who worked tirelessly every day. Our talented and cherished team, some of whom have been with us since we opened our doors 15 years ago, are now without an income. Like our team, my family has lost all of the income from our restaurant, and business owners and the self-employed can't claim unemployment. This is the story of America right now. For our team and other Americans who can claim unemployment, even the maximum payments will not be enough for most people to continue paying their bills – and avoid slipping into poverty. The facts are, even successful small businesses can’t go months with their doors closed.  But supplying Americans with monthly support until they can get back on their feet can save our communities from financial ruin. We need immediate checks and recurring payments so that we can keep our heads above water.  Congress needs to make sure that we won’t be left financially ruined for doing our part to keep the country healthy.

Stephanie Bonin
2,350,121 supporters
Update posted 2 weeks ago

Petition to Philadelphia Mayor Jim Kenny, Philadelphia City Council, Philadelphia City Councilman At-Large David Oh

Save the City of Philadelphia Office of Arts, Culture, and the Creative Economy

Philadelphia Mayor Jim Kenney released a revised budget for fiscal year 2021 in response to the coronavirus COVID-19 pandemic on May 1, 2020. Businesses have been closed and workers have been off the job for weeks, reducing the city's tax revenue significantly. The Office of the Department of Finance projects that without any changes the city would have a $649 million deficit next year. The city cannot legally operate with a deficit. We understand that hard decisions needed to be made and that cut backs and program budget reductions were inevitable. However, to completely eliminate an office that supports a vital industry in the city of Philadelphia, especially one that has been hit very hard during this crisis, is short sighted and should be reversed. In the new budget, the Office of Arts, Culture, and the Creative Economy was budgeted $0 dollars, down from approximately $4.4 million, effectively closing the office. Most of that budgeted money goes directly to the Philadelphia Cultural Fund, which gives grants to hundreds of non-profits in the city. The presentation of the budget by the Mayor is only the first step. It still must be approved and voted on by City Council before July 1.  SEE: Mayor's Operating Budget - re: page 80SEE: Philadelphia Mayor Jim Kenney Delivers New Budget by Video; Jobs/Services Cuts, Tax Hikes According to the Greater Philadelphia Cultural Alliance, the arts and cultural sector generates $4.1 billion in economic impact annually and supports 55,000 jobs. That creates $1.3 billion in household income and $224.3 million in state and local taxes.* The creative economy includes but is not limited to artists, musicians, painters, sculptors, dancers, actors, filmmakers, graphic designers, venues, theaters, museums, galleries, bartenders, waiters, chefs, box office workers, bouncers, sound engineers, tech crews, art/dance/recording studios, and all employed by those entities, as well as support industries such as accountants, lawyers, hotels, ride shares, parking, public relations, marketing, and media. On the other side there are the fans, patrons, concert goers, theater attendees, and more who support the arts and make the purchases. Most of this industry has been shut down during this crisis and needs support now more than ever to rebound during the economic recovery. The Office of Arts, Culture, and the Creative Economy's mission is to close the gap in access to quality cultural experiences and creative expression through the support and promotion of arts, culture and the creative industries; connecting Philadelphians to enriching, arts-infused experiences; linking local artists and cultural organizations to resources and opportunities; and preserving the City’s public art assets. http://creativephl.org The OACCE is also responsible for the Music Industry Task Force, the Mayor's Cultural Advisory Council, Art in City Hall, all of Philadelphia's public art, and funding the Philadelphia Cultural Fund which gives grants to numerous Philadelphia arts and culture non-profits. Philadelphia is a vibrant city teeming with culture that has been driving our identity for hundreds of years. The art created in Philadelphia reaches well beyond its borders and has touched the world and helps drive our other industries through attention and attraction to our area. As we look to rebound and recover from this crisis, there are certainly sectors that are essential to our health and safety and must be prioritized. However, unless we take care to ensure our cultural health is also revived, we risk losing our spirit. Philadelphia's creative economy deserves proper representation in City Hall. Understandably, it is likely not possible for the OACCE to be budgeted at the same level as the original budget, however, the industry's economic impact alone justifies that the office's budget be more than zero. We are simply asking that the City of Philadelphia Office of Arts, Culture, and the Creative Economy not be eliminated. *https://www.philaculture.org/why-arts-culture/prosperity        

iradiophilly
17,677 supporters