Fiscal Intelligence

Fiscal analysis that enables educators, small business owners, and community organizers to make informed decisions.

Tag: Federal Reserve

Student Loan Debt History – Federal Reserve Bank of New York

Student Loan Debt History – Federal Reserve Bank of New York.

<div style=”margin-bottom:5px”> <strong> <a href=”; title=”Contribution to change in employment” target=”_blank”>Contribution to change in employment</a> </strong> from <strong><a href=”; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>


Our New Reality

Dear Readers,

I am delighted to share with you my most recent article. The best way to summarize it is by sharing these quotes with you from The New Geography of Jobs by Enrico Moretti  in order to guide you better. The unfortunate thing is that not everyone is prepared to embrace the changes that are engulfing this wonderful nation.

I hope you enjoy reading this article as much as I enjoyed writing it.

These quotes are a great segway into my article.

 “On the surface it seems we have good reason to be worried. Middle class salaries are declining. Good jobs are scarce. Take the typical forty-year-old male worker with a high school education: today his hourly wage is 8% lower than his father’s was in 1980, adjusted for inflation. This means that for the first time in recent America history, the average worker has not experienced an improvement in standard of living compared to the previous generation. In fact he is worse off by almost every measure. On top of this, income inequality is widening. Uncertainty about the future is now endemic.”


“Over the past half century the United States has shifted from an economy centered on producing physical goods to one centered on innovation and knowledge.”


See you soon,

Optimization with an Impact (OpIm)



Bernanke’s Testimony to Congress

Most recently, the strengthening economy has improved the budgetary outlooks of most state and local governments, leading them to reduce their pace of fiscal tightening. At the same time, though, fiscal policy at the federal level has become significantly more restrictive. In particular, the expiration of the payroll tax cut, the enactment of tax increases, the effects of the budget caps on discretionary spending, the onset of the sequestration, and the declines in defense spending for overseas military operations are expected, collectively, to exert a substantial drag on the economy this year. The Congressional Budget Office (CBO) estimates that the deficit reduction policies in current law will slow the pace of real GDP growth by about 1-1/2 percentage points during 2013, relative to what it would have been otherwise.

<div style=”margin-bottom:5px”> <strong> <a href=”; title=”Bernanke's Testimony to Congress” target=”_blank”>Bernanke's Testimony to Congress</a> </strong> from <strong><a href=”; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>