Milano’s Hamilton Testifies Before Congressional Black Caucus National Debt Committee
On January 28, Darrick Hamilton, associate professor at Milano The New School for Management and Urban Policy, testified at the Capitol before the Congressional Black Caucus’s panel on federal spending and the national debt. Hamilton addressed persistent economic inequality linked to race, a focus of his research, and detailed the historical and sociological roots of the problem and the failure of the federal government to take decisive action. He noted that the recent economic downturn has only exacerbated racial inequality, with the unemployment rate for African-Americans nearly double that for whites.
Hamilton concluded his remarks by advocating two corrective federal programs: Baby Bonds,, trust funds for the children of underserved families accessible to beneficiaries when they reach adulthood, and a Full Employment Act, which would provide government jobs to all willing and able adults. To view the panel discussion, visit C-SPAN.