September 25, 2007 - 2:07pm

Torricelli on tough choices

The remarkable thing about the public policy priorities facing New Jersey is the general consensus regarding which issues should be priorities on the agenda. Nobody seems to argue about the need to fulfill our moral and legal responsibility to rebuild aging schools in less affluent areas. The financial ruin of the Schools Construction Corporation is the worst failing of this generation of New Jersey political leadership but the need to resolve the problem crosses all partisan and ideological lines.

The recognition that these next few years represent our last chance to save open space and preserve some quality life for our citizens is also understood. Governor Whitman began a serious effort to preserve farmland and virgin forests and every Governor since has taken the challenge. The current slump in housing has presented an enormous opportunity. The price and availability of threatened rural land will never be better. We either buy now or in a few years we'll have a choice between higher prices or border to border pavement.

Nobody seems to argue over the state of our state universities either. Years of neglect have left dormitories with leaky roofs and classrooms in disrepair. These institutions are the economic engine of our economy but have been badly neglected. We ignore them at our peril as the cost of deferred maintenance rises in construction and human capital costs.

Finally, there's the once divisive issue of mass transit. People used to argue about the need for expanding the rail network and building intercity light rail systems. That was before $80 per barrel oil, two hour commutes and the enormous success of the River Line and the Hudson Bergen Light Rail. Without new mass transit this state will begin to hit an economic ceiling. Quality of life will decline and  the best employers will never recruit workers. Those who remain will spend hours burning expensive gas instead of productive time at work or rewarding time with family.

If these are the things upon which we agree, where do we disagree? That's easy. How do we pay for this multi-billion dollar agenda?

Raising taxes in New Jersey isn't an option. Every dollar in new taxes drives wealthy residents out of state and lowers revenues. More debt isn't an option because the current debt service is already consuming more than we can afford. This is where the argument for monitizing state assets begins .

Most people don't like the idea of selling the Turnpike, renting the Atlantic City Expressway or leasing the State Lottery. In a perfect world I wouldn't like it either but where else are we going?

I'm against selling valuable state assets unless the alternative is ending the open space program, continuing to ignore deteriorating university buildings, and leaving urban school repair unfinished. I'd like to have the State maintain the Lottery forever but not if it means that the State can't match federal grants for new mass transit projects.

It's about choices. None of them is easy but they're remarkably clear.

Comments

Who are you kidding?


"Nobody seems to argue about the need to fulfill our moral and legal responsibility to rebuild aging schools in less affluent areas. "

Senator, the mobsters and crooked politicians you were in bed with were the ones who robbed the SCC blind. The McGreevey Administration and Democrats were the ones who screwed that up.

09/25/07 10:42 pm

raise revenue and reduce health issues?


is there anything forbidding a tax on food ordered from "drive throughs"? Maybe we can raise money and decrease obesity, diabetes, and coronary disease at the same time, not to mention environmental issues such as cow run off and discarded styrofoam packaging.  Can fast food be treated similar to cigarettes? The entire system of a child with a five spot having the ability to choke down 1500 calories of fat and sugar is appalling.  But if a compromise needs to be reached, maybe limit the tax to drive through orders only. Sit down "meals" can remain exempt.  Too simple?

09/25/07 11:10 pm

yes it is too simple. like


yes it is too simple. like it or not, unfortunately a lot of poor people rely on cheap fast food for their meals. if you start taxing that, it makes it even harder for them to eat.

09/26/07 1:33 am

obviously i don't like it. 


obviously i don't like it.  while i realize that poorer people rely on it for "nutrition," essentially aren't we creating a quasi-self fulfilling prophecy?  Poor people can't afford good food.  Poor people can't afford healthcare insurance.  Poor people get sick and eventually go on Medicaid or some other subsidized insurance with significant health-related issues.  An entire chicken at the supermarket costs a few dollars as compared to a super sized meal at the local joint.  Can we help create options at the same time and/or do these options already exist?

09/26/07 7:18 am

We pay for food stamps, we


We pay for food stamps, we subsidize their housing, we pay for their children to have free lunch, we pay for their schools, we pay for medicaid... the list goes on and on. There is only so much you can ask of New Jersey taxpayers before it becomes unaffordable. Corzine now wants universal preschool. It’s a nice idea, but we just can’t afford it. On the other hand, if he wants to pay out of pocket...

09/26/07 6:11 pm

Torricelli's post


This post, for me, is probably the single most honest assessment of the state that I have read in quite some time. Torricelli cites major problems facing the state, including underfunding of universities, funding of open space, and high taxation, and does so with a bleak tone that sets up the question: How are we going to pay for everything without raising taxes, which none of us want to do?

I agree with Torricelli in that raising taxes should not be an option, but, if we've exhausted every possiblity, asset monetization should at least be a plausible option.

09/29/07 11:07 am

space


if we allow state-run infrastuctures to be owned by outside companies, then we will lose even more space because they will inevitably want to build more in order to make the highways / tolls much more profitable. keeping these state run allows for a much more utile purpose, not commercial purposes, which is essential the role of the state govt.

Mayor's Council, North Brunswick Township

Columbia College, Columbia University Class of 2009

09/30/07 5:17 pm

River Line is a joke


Torch mentions the River Line and Hudson-Bergen in the same sentence, as if they had similar ridership numbers. They do not. One thing about making choices is we need to decide where the best bang for the buck is and ignore regional politics. And that's impossible, no matter who's in power. So we spend money in South Jersey on unnecessary projects that can't even qualify for federal funding.

10/02/07 4:18 pm

Why even listen to Torch?


I wish this criminal would just go away. He is completely void of ethics and morals, but loaded on our tax dollars. Shame on PoliticsNJ for giving a platform to a man who should be in jail.

10/03/07 6:35 pm

School of thought


On the contrary, there is strong dissent to the blanket statement that "it's everyone's responsibility to see that kids everywhere have state-of-the-art schools". Some of us don't have kids, for one. Far more of us believe that home rule, that Sacred Jersey Cow, is inseparable from home responsibility, that it's the local school district that should take maximum responsibility for programming and budgeting. Any state aid should be an equal amount for each kid, no matter where. The primary and secondary education of Jersey is far too management centralized as it is.

10/04/07 11:03 am

Hey Torch


This is the first time I've been to your blog in months because quite frankly, I think you're a complete waste of space.

The only reason I'm here is because it appears as though you and your corrupt Cuban equivlalent are in some more hot water over some dirty dealings in Puerto Rico.

I guess you and your partner in crime are living proof of an old saying. When you're poor you're a thief, when you're rich you're a kleptomaniac.

In all seriousness Torch, get therapy and get it fast. You're clearly a very sick man

"I can remember way back when a liberal was one who was generous with his own money."- Will Rogers

10/10/07 12:45 pm

stick to restaurants, please


Tough choices? I'd trust Torch on whether I should order meatloaf or chicken at various NJ Diners, but beyond that...

George Ajjan
REDchoice - 2008 Presidential Primary

10/11/07 1:13 pm

tough choices


Should I go with the Rolex or the Concord watch? Hmmm.

10/11/07 1:40 pm

How to trim NJ


New Jersey has the most generous Medicaid/familycare program in the country. Currently there are thousands of people enrolled in these programs that are making high six figure incomes. Many of these people own their own businesses with profits in the several hundred thousand dollar range. Unfortunately in their zeal to meet the Govs for call to insure the uninsured, the Management at Medical Assistance turned off all the safeguards. Current estimates are that 10-20% of the people on these programs do not qualify.

On top of this are the benefits. We annually spend $90million for people to get housecleaning, shopping, and meals cooked. This service is called personal care, and half of the people getting this service for 25 hours per week receive it because they have high blood pressure or mild diabetes.

We spend $1.5 billion for managed care of which $200million goes toward admin and profit.

Our poor (lol) hospitals have offshore captive corporations holding tens of millions of dollars that we fund through these programs. These moneys are basically being laundered back to Pols and Hospital Administrators. And while on the subject of hospitals, take a look at the salaries we are paying the top guys... $1 million plus to manage one hospital!

We have conveniently been led to believe that people need health insurance, when in fact they need healthcare. Health insurance serves to only line the pockets of wealthy businessmen.

New Jersey Medicaid can be reduced from its $9 billion mass to a $6 billion agency providing even more healthcare then it currently does. To do this we need to get more money directly to the healthcare professionals and eliminate all the administration and consultants that are feeding off the system.

If we want to raise tolls we should take the revenues
and target them toward debt reduction.

Monetizing assets with a huge bond sale will only put commissions into Jon's friends pockets at Goldman Sachs. Ten Billion in bonds.. 10% to them = $1 Billion.

This is a worse deal then many loan sharks offer, not only do you have to pay the interest but they are only giving 90% or less of what you borrowed.

10/11/07 9:05 pm

Richard Zuendt Amen


Richard Zuendt

Tough choices?  What about the citizens of New Jersey in their quest to find an honest politicians?  You Bobby are the one we hold up as a shining example of the last thing this state needs anymore of!

10/12/07 4:56 pm