Spending Beyond Our Means: How We Are Bankrupting Future Generations
By Jagadeesh Gokhale
February 13, 2013
Current U.S. fiscal policy, including the recently concluded “fiscal cliff” debt deal, is placing an enormous financial burden on today’s children and on future generations in order to deliver government benefits to current middle-aged workers and their elders. Standard government accounting methods hide that intergenerational transfer from the public and make it difficult to calculate how large the transfer is. Intergenerational resource transfers will grow larger as the composition of budget receipts and expenditures changes with relatively faster growth of age- and gender-related social insurance programs. Intergenerational redistributions through federal government operations could substantially affect different generations’ economic expectations and choices and exert powerful long-term effects on economic outcomes.
District 6 H.S. wrestling: Ridgewood wins team crown
Sunday, February 24, 2013
BY JJ CONRAD
STAFF WRITER
The Record
FAIR LAWN — Ridgewood’s Joe Oliva had just helped guide the Maroons to their first District 6 championship on Saturday, but not even five minutes had passed when the junior standout was already thinking about just how good next year’s team can be.
“We’re returning nine place-winners next year,” said Oliva, who captured the 126-pound district title at Fair Lawn with a 9-5 win over Saddle Brook/Glen Rock’s Mike Andreano. “I think this team has a bright future. Saddle Brook has been the team to beat around here the last four years, but we’ve worked hard, too. [Saturday] we had some kids bump up and win some big matches for us.”
Ridgewood coach Torre Watson admitted he was a bit apprehensive following Friday’s strong opening night performance, but he knew the Maroons had the talent to finish the job Saturday.
After a first-round exit in the state tournament, Watson said Ridgewood put a bit more stock in this year’s district tourney.
Ridgewood NJ , On Saturday, February 11, the Ridgewood High School girls’ track team swept the North 1, Group 4 sectional championship by a 28 and one-half point lead over West Orange. This is the second consecutive sectional title for the girls’ team in two years.
Seniors Micaela McPadden won the 400 meter race and Mimi DeVita claimed gold in the pole vault. Sophmore Kelly Cleary and junior Laura Weisberger finished first and second in the 1,600 meter race, respectively, with Weisberger surging back from fourth place in the final lap.
The boys’ team also won, with two big victories coming from senior Nick Salamone in the 1,600 and 3,200 meter
Sponsored by Valley Hospital and Ridgewood Education Foundation
Largest science extravaganza in Northern New Jersey designed to introduce students and the community to the exciting world of science. Super Science Saturday appeals to everyone from the casual observer to the aspiring acientist.
The goal is to spark an interest in science and to connect adults and organizations with with whom you you can further explore your passions. Held Saturday, March 9th at Ridgewood High School from 9AM to 1:30PM SCHEDULE 9 to 1pm Hall of Science 9 to 1pm Science Expo 9:30AM Franklin Institute Presents: LIFE IN SPACE 11:15am; 12:15pm; 1:15pm Incredible Egg Drop 12:30pm Paper Airplane Contest 1:30pm Live Rocket Launch RUTHER DETAILS AND HOW TO BECOME A PRESENTER – Go to www.SuperScienceSaturday.org
Ridgewood says other reader comments have definite anti cop bias
From what I read I can see a definite anti cop bias. But overall the people posting vent about public employees in general. There is a vast majority of people who have a har-on for what the public workers make.
This gets inflamed when cops tell you what you can and cannot do or ticket you for what the public thinks are bull sh-t infractions. Reading post’s here and on the patch people write about pedestrian safety but I would bet if one of those people who posted got a ticket for failure to yield they would be the first to bash the cop’s as being useless and overpaid.
Ridgewood Open Houses Sunday February 24
February 23, 2013 By Michael Shetler
Open Houses
Open Houses in Ridgewood, NJ
Starts: 02/24/2013 01:00 pm
Duration: 3 hours:
Ridgewood, NJ
07450
Michael Shetler is a local resident and NJAR Circle of Excellence recipient (2009, 2011) who is happy to serve you in this area. For more information about any of these local homes for sale please call Michael at 201.421.0506 cell or 201.445.4300 office.
Address List Price Bedrooms List Broker
1 610 ROBERT ST $450,000 4 WEICHERT REALTORS RIDGEWOOD
2 315 WALTHERY AVE $459,900 2 COLDWELL BANKER, RIDGEWOOD
3 149 BERGEN CT $525,000 3 WEICHERT REALTORS RIDGEWOOD
4 490 VAN EMBURGH AVE $534,900 3 WEICHERT REALTORS RIDGEWOOD
5 314 LIBBY AVE $580,000 3 KELLER WILLIAMS VILLAGE SQUARE REALTY
6 528 W SADDLE RIVER RD $629,000 4 COLDWELL BANKER, RIDGEWOOD
7 566 LINWOOD AVE $629,000 3 REAL LIVING GATEWAY REALTORS-RIDGEWOOD
8 35 BRYDEN PL $680,000 5 KELLER WILLIAMS VILLAGE SQUARE REALTY
9 687 WALL ST $700,000 4 KELLER WILLIAMS VILLAGE SQUARE REALTY
1 42 ETHELBERT PL $749,000 4 TERRIE O’CONNOR REALTORS/RIDGEWOOD
11 695 WALL ST $749,900 4 REALMART REALTY, LLC
12 235 DEMAREST ST $859,000 4 COLDWELL BANKER, RIDGEWOOD
13 324 BEECHWOOD RD $979,000 4 TARVIN REALTORS
14 330 BEDFORD RD $2,399,000 5 KELLER WILLIAMS VILLAGE SQUARE REALTY
Since most large area hospitals like HUMC participate in a PILOT program with their respective municipality , some readers think its time for Valley to kick in and other think Valley already does plenty for the community .
“Do you have any idea how many people approach Valley in a year seeking donations? 99% of them are worthwhile and important causes. But, they are a “non-profit business”, not a charity. They “donate” millions of dollars a year in free services or actual donations. However, I am sure they try to have the greatest impact with every dollar spent. While it would have been wonderful to help one girl in need and you make Valley sound heartless, if your narrative is accurate, I have no doubt that Valley must take a broader “community” view when deciding where to allocate its dollars and free services.”
“The obvious issue is that valley doesn’t pay taxes to maintain the infrastructure. If valley expands ( don’t give me this renovation BS.) The hospital will service more patients which will in turn use the infrastructure more: ( Infrastructure to include police and fire service ) . This does not come with out cost, of which valley does not pay. This has nothing to do with demonization of valley but it raises a legitimate concern of all the tax payers not just the ones in valleys back yard.”
“Valley does pay taxes for the homes they own through their foundation and also for the doctor offices through VAlley health care. They do not pay taxes for the hospital. They pay for their water and sewer.”
“Yes but they don’t pay a cent for the hospital and one can only wonder how much that would be taxed if it was mot a “non profit” (lol) and how that would help the village in comparison to the small donations that valley gives to “look good”
Obamacare : Florida doesn’t have enough doctors for Medicaid expansion, lobby group says
TALLAHASSEE Brace yourself for longer lines at the doctor’s office.
Whether you’re employed and insured, elderly and on Medicare, or poor and covered by Medicaid, the Florida Medical Association says there’s a growing shortage of doctors — especially specialists — available to provide you with medical care.
And if the Florida Legislature goes along with Gov. Rick Scott’s recommendation to offer Medicaid coverage to an additional 1 million Floridians — part of the Affordable Care Act that takes effect next January — the FMA says that shortage will only get worse.
Real Federal Spending Up $822.90 Per American Since 2008
February 22, 2013
By Terence P. Jeffrey
(CNSNews.com) – Inflation-adjusted per capita federal spending went up $822.90 from fiscal 2008 to fiscal 2012, according to official data from the U.S. Treasury and the Census Bureau.
Real federal spending also increased $2437.64 per household between 2008 and 2012.
In constant 2012 dollars, the federal government spent $3,176,376,470,000 in 2008 and $3,538,446,000,000 in 2012, according to the U.S. Treasury. (The 2008 spending number was adjusted to 2012 dollars using the Bureau of Labor Statistics inflation calculator.)
On April 1, 2008 (the midpoint in the federal fiscal year which ends on Sept. 30), there were 303,381,938 people in the United States, according to the U.S. Census Bureau, and on April 1, 2012 there were 313,336,712.
Why is Wal-Mart worried? Payroll tax could cut consumer spending.
Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.
By Husna Haq, Correspondent / February 22, 2013
Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out.
As a result, more than three years after the recession officially ended, American consumers might be preparing to downshift again, if only slightly, with low-income consumers hit the hardest. Sensing consumer trepidation, retailers are scrambling to adjust.
Retailers, restaurants, and consumer goods companies like Wal-Mart are lowering sales forecasts and adjusting marketing campaigns ahead of expectations that consumers will slash spending, the Wall Street Journal reports.
A Simple and Wrong Answer to Poverty: Increasing the Minimum Wage
James Sherk
February 13, 2013 at 5:45 pm
During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not work.
Labor economists have repeatedly studied the effects of minimum wage increases. They find no correlation between higher minimum wages and lower poverty. Raising the minimum wage to $9 an hour as the President suggests simply would not reduce poverty.
This seems counterintuitive, to put it mildly. Surely low-income families would benefit from higher pay. Why wouldn’t it help? For several reasons.
First, relatively few minimum wage workers are poor. The average minimum wage worker lives in a family making over $50,000 a year. Many minimum wage workers are teenagers or college students working part time—they are not trying to support themselves (or a family) with their income. Only one-ninth of the workers who would potentially benefit live in poverty. Raising the minimum wage will not affect many poor families.
No Budget No Pay
February 22,2013
Rep. Scott Garrett
Washington has a gigantic spending problem. Recently, the Congressional Budget Office (CBO) continued to sound the alarm about our unsustainable path. CBO reported that by 2023 our national debt will explode by another $10 trillion to $26 trillion. To put this into perspective, everyone in America, including every newborn upon taking its first breath, owes the federal government $53,000 in debt.
It’s often hard for people to think of this debt as each of ours, but the simple truth is that government is funded by you and me. Every time government borrows money, you and I have to pay it back. Government spending (commonly referred to as investment) is code for higher taxes in the future.
The fiscal path America is on is not mathematically sustainable. Without serious spending cuts, we will not be able to keep the commitments we have already made to millions of hardworking Americans. Current retirees do not have anything to worry about. Unfortunately, future retirees do. Reforms are imperative. The longer we wait, the more doors to economic opportunity – for you, our children, and our children’s children – will continue to close.
The first step to tackling our debt and deficit, must be a budget. This is what you do, and so must Washington. The choices won’t be easy, but they are necessary to save our children and grandchildren’s future.
The last time the United States Senate passed a budget gas was a $1.83 and the TV show Jersey Shore hadn’t yet aired. For the fourth time in five years, President Obama missed the legal deadline for submitting his proposed budget to Congress. The last time President Obama submitted a budget it did not receive a single vote – from either Democrats or Republicans.
Instead of kicking the can down the road, House Republicans have consistently put pen to paper and passed budgets. I proudly offered two budgets the last two years. To hold the Senate accountable, Congress recently passed the No Budget No Pay Act. The law is simple, if Congress fails to pass a budget, Member pay will be withheld. I supported the No Budget No Pay Act, and I believe it will force the Senate to finally pass a budget.
It is long past time that Washington budget responsibly, reduce the budget deficit, and get our spending under control. This is what the American people expect. This is what the American people deserve.
Inter-Chamber Consortium 3-minute Networking
Tue, March 05, 2013
Time: 7:30 AM – 9:30 AM
Westfield Garden State Plaza Food Court, 355 N State Rt 17, Paramus, NJ 07652
3-Minute Networking Presented by The Paramus Regional Chamber of Commerce and Hosted by Westfield Garden State Plaza
Fun-filled event of table-hopping, networking. Invite your colleagues and friends to participate with you. Breakfast will be served. Bring plenty of business cards.
Inter-Chamber Consortium members are invited to attend!
$15 for Inter-Chamber members and $25 for non members.
Araya Rebirth voted as 1st Runner up for BEST SPA in Bergen County!
Araya Rebirth has been proudly voted as 1st Runner Up for BEST SPA in Bergen County by the readers poll “Best of Bergen” 201 Magazine, 2012.
They are Proud Sponsors of hair & makeup artists for “Mother Daughter Makeover” by Bergen Health & Life Magazine, 2011, 2012, and 2013!
Proud Winners of 2010 Best Facial from New Jersey Life magazine and were mentioned by Bergen Health and Life Magazine for 2nd place in the “Best Spa 2011” category! Best of Bergen.
Araya Rebirth offers the finest in skin care, hair removal, massage & rejuvenation therapies. Our facial services are extensive and thorough ranging from European Facials to Microdermabrasion. At Araya we are committed to the science of skin and the most comprehensive product lines the spa industry has to offer.
*Visit Araya Rebirth Spa at 10 Garber Square, Ridgewood, NJ 07450 or call 201-445-7005 to book an appointment for one of their award winning Spa treatments.
For more information visit their website at www.araya-rebirth.com and like their facebook page Facebook.com/arayarebirth
