States Can Learn from Great Recession, Adopt Forward-Looking, Antiracist Policies   [open pdf - 0B]

From the Document: "So far in the current, pandemic-driven economic downturn, some states are following their playbook from the Great Recession of 2007-09 when they often closed large budget shortfalls with cuts to schools, higher education, and economic supports rather than protecting families and communities from the worst of the economic fallout. Those measures of roughly a decade ago ramped up layoffs that slowed the recovery, increased hardship, and worsened long-standing structural inequities that hold back Black, brown, and Indigenous people as well as women and workers struggling on low pay. In the coming year, states can take a different approach that raises the resources needed to stave off cuts, limits economic hardship, and advances equity-oriented, antiracist policies. State economies and communities thrive when public investment in the foundations of broad prosperity unlocks the potential of every person and when structural barriers erected by racism and discrimination are knocked down. Good schools in every community offer children from lower-income families a chance at a better future. Family economic supports help parents provide their children with stable housing, nutritious food, and less stressful home lives. Health coverage protects families from bankruptcy due to a health emergency or chronic illness and ensures that businesses have healthy, productive workers. High-quality infrastructure -- roads, bridges, ports, and waterways -- helps businesses get their goods to market, and building it creates good jobs in the short term when the economy is not at full employment."

Center on Budget and Policy Priorities
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Center on Budget and Policy Priorities: https://www.cbpp.org/
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