Category Archives: Debt

Letter: Derailed Fiscal Policy, Empty Promises, Unfulfilled Expectations in Middletown

The following letter also appears online today over at the Atlantic Highlands Herald. This letter, written by Middletown Democratic candidate for Township Committee, Jim Grenafege, is an expanded version of the letter that I posted earlier today and appears online over at the Asbury Park Press.

This version of Mr. Grenafege’s letter is much more hard hitting than what appears on the APP. Compare the two and let me know what you think, this newer version is much more hard hitting and has more specifics.

In his October 18, Atlantic Highlands Herald letter, “Real Solutions to Real Problems Needed to Put Middletown on Right Track”, Mayor Fiore admitted that Middletown government is derailed. I could not agree more.

True to form, he falsely blames years of excessive spending; unnecessary bonding; escalating taxation and debt, all cradled in Republican mismanagement, on the Middletown Democrats who somehow magically made elected Republicans spend our tax dollars. This is just more empty rhetoric to go with decades of empty promises, failure to openly communicate and thwarted taxpayer dreams: no flood control along the Bay Shore; no turf fields; a lake yet to be dredged; a $400 thousand master recreation plan gathering dust; high density housing zoned in Lincroft and planned development of open space at Bamm Hollow.

After Mr. Fiore strong-armed $500 thousand from library funds; took $350 thousand, for the second year in a row, from sewerage authority fees; used $1.3 million in public education funds; his so-called fiscal discipline required a 12% tax increase to cover $45 million of a $62 million budget. This lack of incumbent Republican fiscal discipline has Middletown looking at a projected $2 million shortfall for the 2012 Middletown budget.

Ask Mayor Fiore if he has a real solution. Past Republican practice points at raising taxes. During his term, he has contributed 22% to a 40% increase in taxes over the last five years. Past practice also points at adding to our $70 million in debt, which has increased 66% over the same five years.

Finally, at least $2.4 million of $4 million in “cuts” claimed by Mayor Fiore was onetime nonrecurring expenses that were never part of the 2011 budget.

In closing, Mr. Fiore notes that Middletown has been repeatedly named one of the Top 100 Places to Live by Money Magazine; but, Fiore fails to note that Middletown’s standing in the Magazine’s quality-of-life survey has eroded by 39% during the last four years.

Put a stop to over 30 years of poor fiscal policy and borrowing, empty promises and unfulfilled expectations. Please help our community get back on track: vote Grenafege and Fowler on November 8.

James Grenafege
Middletown Township Committee

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Filed under Asbury Park Press, Atlantic Highlands Herald, Avaya, Debt, Democratic Candidate, Jim Grenafege, letter to the editor, Middletown Township Committee, mismanagement, Tony Fiore

Reality Check: We Can Afford Reform, We Cant Afford the Status Quo

Jared Bernstein, Chief Economist for the Vice President and Executive Director of the Middle Class Task Force, debunks the myth that we cant afford health insurance reform. To the contrary, not only has the President demanded that reform not add to the deficit in the short term, but reform is the only way to get skyrocketing health care costs under control that will be devastating for families, businesses, and government deficits in the long term under the status quo.

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Filed under Costs, Debt, Health Insurance Reform. Deficits, Jared Bernstein, President Obama, Reality Check, Status Quo, the White House