Economics 101... The impact of the government shutdown on the economy - Prof Lisa Vento Nielsen (#Profisin)
*Many of you do not know this about me but I am an economics professor and have taught this subject for over 15 years and I am kind of obsessed with the world of economics. While teaching college, I continually pushed myself to learn more, to understand more so I could share it in ways that were understandable to my students.
My first experiences as an educator were teaching Micro and Macro Economics in 2003. The first exam I gave, I was so excited and I ran to the scantron machine to see how my class did. I just knew they did great until I saw the scantron spitting out grades of 10, 15, 20 out of 100! I realized then that I was teaching and grading on a level that was NOT teaching anyone anything but just yapping so I learned how to tailor my content to meet the interest and levels of everyone and here I am about to cross over those skills to this topic of the government shutdown.*
Ok first of all, do NOT think this is political because I do not get politics AT ALL - and I do know that politics and economics are married in many ways but I refuse to touch this dynamite with a 20,000 foot poll and also refrained from bringing politics into my classroom EXCEPT for 2016 (if you are reading this and I taught you in 2016 HI!).
Here is where we stand though with 800,000 Americans NOT receiving a paycheck and most people do not understand why / how this is a big deal or maybe unfortunately they just do not care. Here is why they SHOULD care and care NOW -
Every single family NOT being paid (with approx. 70% of Americans living paycheck to paycheck - meaning no savings to live off of and to continue to function) is a strain on the economy IN ADDITION TO BEING HUMAN LIVES THAT MATTER - but ok, so back to my topic - they do not get paid, which means that:
That is a big impact, a ripple affect, sure but one nonetheless that impacts countless more folks and businesses and the economy as a whole.
Let's try this scenario - on the micro level - a restaurant that used to have tons of government workers and their families is now not seeing enough diners to keep their full staff so they begin to let people go AND a daycare center that used to service the children of those who are not being paid are now not being paid for those students' and this impacts them having to let go staff or cut back on hours of staff.
The scenarios go on and on and remind me of the mortgage crisis when the housing bubble went POP with people using their mortgages to live - everyone had their housing values continue to go up and up and they would, every few years, go back in and "refinance" their homes to unlock "equity" and get the money needed for vacations, weddings, medical procedures, etc. (As a whole America has not been a nation of savers period so when things happen, we need access to capital and our houses acted as an ATM for many.)
Our access to refinancing our mortgages crashed and burned in 2007 and many folks found themselves losing their homes, many executives in the banking world rightly lost their jobs (trying to keep this all simple but it was much more complex than this - read The Big Short to find out more) and ALL of the folks who benefitted from the extra spending were cut back, too - the cleaning staff, the party planners, the restaurants, etc and we were plunged into a recession.
We are already in a place of severe economic issue - yes, so far, everyone who wants a job finds one (unemployment has been low) and our economy is still running but for how long does it last when 800K people and their dollars are not in the system? Is this food for thought? What happens next? And not to be that much of a pessimist but let us not forget the safety concerns of TSA & Air Traffic Controllers not being paid as well as our military and Coast Guard and more - in a post 9/11 world, are you confident this won't get WORSE before it gets better? Politics aside, let's find a way to get the government back in business - our economy and in my opinion our safety and the children and adults struggling right now all depend on it.
What do you think? Are you being impacted by the government shutdown?
Holiday & New Year Recap...
December is always a crazy month - there is my birthday and my mastectomy anniversary date in the same week - 12/13 and 12/16 respectively. There is my mammogram right after Christmas and my surgical follow up, too - oh and a clinical trial follow up in the midst as well...
So to say it was a busy month is an understatement - and that is without layering in kids’ stuff like basketball games, fun get togethers, Christmas preparation, wrapping gifts, last minute shopping, cooking and cleaning and well we alll know the drill.
In December, we really got hectic but through all of it, it was joy. Yes, I had been stressed and continue to be about some private issues with my spouse but all in all I work hard on my mantra of being in the moment, grateful and joy focused.
It is not always easy.
My mammogram was scary but not as scary as last year so that is a huge improvement. I actually slept the night before! Huge! Then waiting between the squeeze and sonogram was some stress of course but moments after the sono I got the letter all was negative, no cause for concern and then it was off to the surgeon.
I met with the amazing nurse Liza and she told me that was it - it was time to discharge me from surgery as it had been 2 years - what a milestone. I know that most folks who have been through cancer experience less and less appointments and eventually transfer their care just to their primary doctors or local doctor but being on my clinical trial means I do not yet have that demarcation or that “dumping” by my cancer center yet, lol. Being told my surgical appointments were at an end was my first kind of untangling from my frequent follow ups at Sloan. I did not feel afraid or dumped but ready to have one less appointment to work around - especially as I consider going back to work full time.
2 weeks before my Mammo I had my clinical trial check up and saw my oncologist and was told all is good with my blood, had a physical chest exam and got my next 3 months of pills which are 18, 19 and 20 of a 24 month trial for the drug Ibrance which means I am soo close to the finish line.
I told my oncologist about my upcoming trip to Italy and she was so excited and remembered that my dad had been so sick she said, “it is amazing you guys can go on this trip after how your dad almost died!” I am always impressed at what the team remembers about me and my life!
My next posts will be about special nyc events, New Years manifestations, January goals and trip countdown!! Can’t wait to share and happy New Years (a little late) to all of you! What are your resolutions?
I am so honored to be a part of this amazing FREE teleseminar beginning this week - my talk airs on January 23rd but you MUST sign in NOW to get access to the amazing information, the FREE resources centered on "Shattered Woman Rising".
To me, this topic is near and dear to my heart - and to ALL of our hearts. It goes beyond being a cancer survivor, though, and looks at the unique challenges of being a female and balancing our lives through disease, destruction, addiction, abuse, and more.
My talk of course centers around the narrative of cancer - Erin is also a cancer survivor and when she reached out to me via LinkedIn to be a part of this, I knew I had to do it!
I hope you sign up for this free resource and get as much out of it as I intend to as I will be signing up myself!
The link is below! Thanks!
I am at a crossroads in my life... I am looking at the choice between a big life / less time with loved ones and a smaller life / more time with those I love. I am also caught between budgets and financial pulls. I don’t stress over finances anymore but I do realize that it is something I have to eventually face.
Something I am realizing is that it takes a village to survive life period - without help from family and friends it is extremely hard to be a mom and try to have a life for me.
Unfortunately some of my village is “shrinking”. Of course, the amount of help and support I got during active treatment was off the charts but now that my active treatment ended almost 2 years ago (thank God) and since then some family have moved away, some are not well, others went back to their regularly scheduled lives and all that means my safety net is thinner.
I am so happy not to be desperate for help but thinking about some of the things I was scheduling for 2019 given recent issues I just do not have a clue how to make them work. It is causing me some cognitive dissonance - I want to be able to trust that I can live my life and put myself first and that all will be ok but I am not sure. And as a woman period forget about being a mom, too, who at times is more of a single mom in many ways, how do I put myself 100% first? When I’m still primary caregiver for little ones? When fevers and car pool duty and homework and meals and fun and sports and life is my planning forte / world?
Instead I am thinking of a different road - instead of world renowned cancer crusader speaker etc to I don’t know maybe a more normal 9-5 job, balancing act of home and work and not fame and home ?
I never wanted to be famous - I wanted to help others but who needs the most help from me?
This is my quandary - when there are issues at home, it’s on me and when I doubt myself as to how I can make it work and how I can care for kids with fevers when if I get one I have to go to hospital I just do it anyway- one because I know in my heart I am the mom and this is where I belong and two because there is no one else to do it.
If I’m not here (either for world domination of speaking and touring lol) or God forbid the other unthinkable - who does it?
I did the math recently - I will have 2 “adults” within the next several years - time goes so quickly and while I do not want to go back to being pre cancer “I am only a mom” me I still do have responsibilities and passion for being a big part of these little people’s lives especially when I do not have the co parent role working too well and my village is thinning out...
How do you plan your lives with multiple responsibilities? What takes priority? How do you balance?
Super Mom BC Eradicator - connect with me via the icons above :). Thanks! XOXO LISA (my secret identity ... )