fiscal

  When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. How could the country’s largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable. The city had to slash services, freeze wages, and fire thousands of workers, they insisted, or financial apocalypse would ensue.

In Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics, historian Kim Phillips-Fein tells the remarkable story of the crisis that engulfed the city.

betterloanchoice.com

The New York state Comptroller has designated more than 13 percent of school districts as fiscally stressed. A few districts in the Hudson Valley are on the list.

    With insights gained from original scholarship and an unusual breadth of experience in finance and government, Bill White distils practical lessons from the nation's five previous spikes in debt. America's Fiscal Constitution is an entertaining and objective guide for people trying to make sense of the current and most dangerous debt crisis.