Thursday, December 27, 2007

New Year’s Resolutions for Garden State Government

It’s the time of the year when we reflect on the past year and make our resolutions for the new one. Because we can never be sure that our elected officials do reflect on the past and vow to make changes in the New Year, here are some resolutions that our representatives in Garden State government would do well to make and keep.

As New Jersey’s deficit skyrockets, the first resolution for the New Year should be to develop a fiscally responsible budget that cuts wasteful spending even if it means that the politicians will not be able to bring as much “pork-barrel” spending to their districts. State programs should be aggressively audited to root out waste, fraud and abuse. All unnecessary paid political appointees should be dismissed. All last-minute budget appropriations should be refused.

Continue reading ShapTalk.com: New Year's Resolutions for Garden State Government

Michael M. Shapiro, founder of ShapTalk.com, is an attorney who resides in New Providence, New Jersey. He currently serves as the Editor of The Alternative Press Contact Mike at mike@shaptalk.com

Wednesday, December 19, 2007

Why Not Consider the Rutgers Stadium Funding Concept for Professional Sports?

Time and again our State’s residents are told that professional sports teams will pay the full cost of stadium construction and are promised that no public funding will be used in the process. Yet, nearly every time our taxpayers wind up handing over big bucks to subsidize these professional stadium projects while team owners compete to see who can raise player salaries the highest. Our government in New Jersey has consistently played along and expressed surprise when suddenly our taxpayers are left with a bill that some politician attempts to explain in some convoluted manner. While not a situation involving a professional sports team, the recent plan announced to fund the expansion of the Rutgers stadium should be studied as a model for professional sports projects.

As recently reported, Rutgers had been seeking state funding for a stadium expansion, in the neighborhood of $100M. Last week, Governor Corzine informed Rutgers that the state money would not be forthcoming, a fiscally wise decision given our State’s skyrocketing debt. Instead, Governor Corzine is teaming up with Senator Ray Lesniak and other Rutgers alums to privately raise $30M to help fund the stadium expansion.

Continue reading ShapTalk.com: Why Not Consider the Rutgers Stadium Funding Concept for Professional Sports?

Michael M. Shapiro, founder of ShapTalk.com, is an attorney who resides in New Providence, New Jersey. He currently serves as the Editor of The Alternative Press Contact Mike at mike@shaptalk.com

Wednesday, December 12, 2007

If I’m Either of the Johns or Fred…

If I’m John Edwards or John McCain or Fred Thompson, I’m feeling pretty good right now. I’m slightly behind the front runners in my Party and the folks who are ahead of me are engaging in an all-out negative assault against each other. That’s where John Edwards and John McCain find themselves in both Iowa and New Hampshire and where Fred Thompson finds himself in South Carolina, the first few key presidential primary states. If I’m either of the Johns or Fred, I run a positive, issue-based campaign through the South Carolina Primary and let the front runners continue to attack each other between now and then.


On the Democratic side, the seemingly unstoppable Hillary Clinton has run into a major problem: the two most appealing factors driving voters to her, her inevitability as the nominee and her ability to beat the Republican nominee, have been eliminated. She is no longer in the lead in Iowa with her likeability registering only in the low 20’s while in head-to-head matchups with possible Republican opponents, she is losing against nearly every choice. Meanwhile, Barack Obama has become the front runner in Iowa and is closing in fast on Mrs. Clinton in New Hampshire. During the past few weeks, these two candidates, who once publicly abhorred negative campaigning, are trading negative barbs on a daily basis. If John Edwards, currently running a close third in both Iowa and New Hampshire, runs a positive campaign from here on out, he will pick up a few points from weak Clinton supporters and a few points from weak Obama supporters. He can then catapult into the lead in both states, leaving Obama in second, and Clinton finishing third in both contests. Then the candidates head south where Clinton’s support is weaker and where both Edwards and Obama can flourish. The end result: the campaign becomes a contest between Obama and Edwards but leaving Clinton as a potential kingmaker (and possible VP or Secretary of State), since whoever she endorses at that point would likely win the Democratic nomination.

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Michael M. Shapiro, founder of ShapTalk.com, is an attorney who resides in New Providence, New Jersey. He currently serves as the Editor of The Alternative Press Contact Mike at mike@shaptalk.com

Saturday, December 8, 2007

Mandates Hurt the Economy

By: Murray Sabrin

“No Worker should have to choose between caring for their loved ones and paying their bills.” That’s the mantra of the paid family leave (PFL) proponents who have scheduled a rally in Trenton on December 10 to push the Legislature in passing a paid-family leave bill by the end of the year.

The goal of mandated paid-family leave legislation is laudable. Taking time off to care for a sick relative without facing a huge financial burden is a worthy social goal. However, there are dozens of worthwhile initiatives that could make New Jersey a better place to live and work. Must they be mandated by the State?

That is the crux of the issue. Can we have an attractive business environment that will provide high paying jobs and a growing standard of living for New Jersey’s labor force with more and more state government mandates? Or, should employee benefits be negotiated at the bargaining table between workers or their union representatives and management?

The answers to these questions reveal if you embrace coercion or freedom. Moreover, there will be long-term negative consequences for New Jersey’s economy if a paid-family leave mandate is passed by the Legislature and signed by Governor Corzine. Although the initial tax, let’s not forget another tax on employees will fund PFL, is “minor,” averaging one dollar per week per employee, the rate will inevitably rise in the future.

That is the history of all federal and state entitlement programs. Start with a low tax and in a few years and decades later most workers pay more in these taxes than do in income taxes. Just look at the history of Social Security and Medicare taxes. They have skyrocketed since they were enacted in 1935 and 1965, respectively. And these programs are financially unsustainable unless they get a huge infusion of higher taxes on working people in the years and decades ahead.

In the final analysis, the law is not supposed to create a social welfare state, despite the rhetoric of the governor and other members of the Legislature who see virtually every human need as an excuse to tax, spend and borrow.

New Jersey’s economy has a strong foundation. However, the political elite in Trenton unwittingly are undermining New Jersey’s future prosperity for short-term political gain. With Governor Corzine and his fellow Democrats firmly in charge of the Statehouse, paid family leave should be a shoo-in after Monday’s demonstration. When the governor signs a paid-family leave bill, he also will be signing away New Jersey’s long term economic competitiveness.

Murray Sabrin, Ph.D., is professor of finance in the Anisfield School of Business and executive director of the Center for Business and Public Policy. He also blogs for the Star-Ledger, www.nj.com/njvoices. Sabrin writes a weekly column every Monday for www.usadaily.com.

Thursday, December 6, 2007

School Aid Plan Raises Questions

The school aid plan that is slowly being leaked to the public and being reported on by the media continues a trend of increasingly distributing state aid based on each school district’s wealth while taking away aid from so called “wealthy” school districts. As a result, property taxes, the majority of which is used to fund public education, will likely increase in wealthy areas while many "Abbott" districts no longer needing such funding continue to reap the benefits. The plan as presented in recent media coverage is flawed on several levels:

First, despite the growing wealth of several of the 31 Abbott districts, including Hoboken, all 31 will continue to have "Abbott" status under the plan and are guaranteed to continue receiving special State aid at the same level or more than they are currently receiving. Why should a place like Hoboken, with a burgeoning upper middle class, continue to have Abbott status and further, why should New Jersey taxpayers continue to subsidize its funding at the current level? Hoboken and other Abbott districts similar to Hoboken should be removed from the Abbott classification or its residents should pay their fair share to educate their children.


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Michael M. Shapiro, founder of ShapTalk.com, is an attorney who resides in New Providence, New Jersey. He currently serves as the Editor of The Alternative Press Contact Mike at mike@shaptalk.com

Saturday, December 1, 2007

McCain, Rudy, Huckabee, Ron Paul and the truth

By: Murray Sabrin

If you have been watching the GOP presidential debates, you know there are eight candidates still in the race. (Alan Keyes would make nine but no one takes him seriously anymore.)

In last Wednesday’s CNN YouTube Debate, American submitted questions on video, which were then screened by the cable network. Some of the questions focused on the Bible, the Confederate flag, and other irrelevant issues.

In light of the financial crisis gripping the country, the plunging value do the U.S. dollar overseas, the unsustainability of the federal government’s entitlement programs, the nearly five year occupation of Iraq, the on again off again drumbeat for war with Iran, one would think the producers of a presidential primary debate would have chosen questions that would address the issues that have the greatest impact on the American people’s freedom, liberties, and prosperity. And, of course, there is no more important question than war and peace.

Instead, CNN hosted a debate that was a great disappointment, especially since the so-called top-tier candidates received most of the air time. Nevertheless, several candidates gave revealing answers aimed at spinning their positions to attract votes from the GOP base.

Senator McCain got rave reviews from the mainstream media because of his forceful support of the Iraq invasion and his unflinching support for the surge which he claims “is working.” Just ask the troops, he asserted during the debate. McCain was in Iraq on Thanksgiving and claimed that the troops told him “they just want to win.” Win what?

Saddam Hussein is dead, the infrastructure is in shambles, sectarian violence continues, American troops still patrol the streets playing the role of foreign policemen, and McCain still thinks the American invasion of Iraq was a vital strategic initiative in the “war on terror.” And the cost of the wars in Afghanistan and Iraq are approaching $2 TRILLION.

Also, Senator McCain accused the only anti-war candidate on the stage, Rep. Ron Paul of Texas, that his “isolationist” policies were responsible for the rise of Hitler!!!!!

Dr. Paul refuted McCain’s idiotic statement by pointing out that he is an advocate of nointerventionism, a proponent of trade, diplomacy, cultural exchanges, i.e., peaceful relations with other nations. In short, a policy that the Founders argued to be in the best interests of the country in order to stay out of endless conflicts overseas.

Senator McCain should drop out of the race before he embarrasses himself, his family and the people of Arizona, again and again in his ranting and ravings. He should check himself into a VA hospital so the good doctors can determine what parallel universe he is living in, because the senator from Arizona thinks America has enemies everywhere. Paranoia is a serious condition.

Yes, we were attacked on September 11, 2001, not because we are Americans, but as former Bush administration officials, astute foreign policy analysts and bin Laden himself has said, U.S. intervention in the Middle Ease caused retaliation against America’s interventionist foreign policy. In other words, on 9/11 we were not attacked by Iraq or any other nation, but by a criminal gang. Ron Paul has made this point throughout the campaign. McCain should do his homework. “Blowback” occurred on 9/11.

Rudy Giuliani was on the defensive in the debate, because of his pro-illegal immigrant policies as mayor and his support in the past for comprehensive gun control. Despite Rudy’s so-called leadership during and after the September 11th attacks, the shining armor of “America’s mayor” is getting tarnished for too many reasons to enumerate here.

Suffice it to say, in a question about restoring America in the eyes of the Muslim world, Rudy gave a Ron Paul type answer. His Honor said America should trade, have cultural exchanges with the Muslim world, because the Muslim highjackers on 9/11 do not represent the Muslim people or the Muslim religion.

So why does Rudy refer to the hijackers and their movement as “Islamofascism” since they do not have a state? Why does he refer to the terrorists as “Islamic terrorists”? Why doesn’t he identify them as Middle Eastern terrorists? Or, Saudi Arabian terrorist, since virtually all the terrorists were from Saudi Arabia?

Rudy is the candidate of fear, corruption, and a proponent of the welfare-warfare state. In short, he may be the worst candidate the GOP could nominate for president.

However, Mike Huckabee is doing his best to become the worst candidate in the GOP field. He invokes Scripture to support the welfare-warfare state. He raised taxes as governor, which earned him an F from the Cato Institute’s ranking of governors in 2006. He wants to abolish the IRS and replace with a “Fair Tax,” a huge sales tax to maintain the failed welfare-warfare state. That’s why the mainstream media are going gaga over Huckabee. He is one of them, an all around interventionist.

What little time Ron Paul had to speak at the CNN YouTube debate he used to tell the truth about the continuing assault on our liberties, our pocketbooks, and the disastrous interventionist foreign policy that has caused the loss of international goodwill we had after 9/11.

The pro-war seven and their supporters in the GOP presidential primary may think they have the high ground. But the reality is that the welfare-warfare state is bleeding the American people dry. And only Ron Paul is telling the truth about taxes, spending, paper money and foreign affairs.

Murray Sabrin, Ph.D., is professor of finance in the Anisfield School of Business, Ramapo College of New Jersey, where he is executive director of the Center for Business and Public Policy (www.ramapo.edu/cbpp.) He also writes for www.usadaily.com and www.njvoices.com.