$654,205 For Each New Stockton Student Apartment In AC?

Should Atlantic County Borrow Again So Stockton Can Build 107 New Student Apartments for $654,205 Each In Atlantic City?

The Atlantic County Improvement Authority (ACIA) today plans to borrow $70 million, so that Stockton University can build 107 apartments to house 416 students in Atlantic City. The average cost of each apartment is $654,205. Is this why colleges today are so expensive? Is this why unsustainable student loan debts are ruining the lives of so many young people for years?

The Authority announced its plans, and invited public comments just two days ago! The deadline for written comments was yesterday morning! Telephone comments will be permitted at 10 am today. The Commissioners will then vote this afternoon at 4 pm. The Authority was also supposed to vote to borrow another $97 million today for a Water Park in Atlantic City. However, that resolution was postponed until next week.

Please Click Here For Our Latest Post On Why Borrowing Another $70 Million For Stockton Is A Bad IdeaAt LibertyAndProsperity.com. Thanks!

We think this is a very bad idea for many reasons.  If you agree, please call and raise your objections today!

1. Spending $654,205 for a single four bedroom apartment to house college students is ridiculous! That is more than most luxury condominium apartments with swimming pools and ocean views!

2. Debt has already made college unaffordable for many, and has forced many students and their families to take out mortgage sized student loans. When Stockton University opened in 1971, a student could pay for a year of tuition, room and board with a summer of work on the Boardwalk. Today, the average student spends $26,000 per year to attend Stockton. Three quarters of Stockton graduates have an average of $30,000 of student loan debt when they graduate. Many experts blame the easy credit of student loans for the explosive increases in college costs. Before giving helping Stockton build student apartments for $654,205 each, should the Authority first ask Stockton to explore less expensive ways to house its Atlantic City students?

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8.  How long will it take to pay off this debt?  20 years?  25 years?  30 years or longer?

9.  What are the consequences if the project fails?  What if Stockton can't find enough students to live in the Atlantic City campus?

A.  Will Stockton simply let the apartments to empty, and raise tuition or cut back programs for other students to cover the loss?

B.  Will Stockton rent the apartments out as "affordable housing" to the general public?  Will they be used for rehabilitation programs?

C.  Will Stockton become insolvent and stop paying?

D.  What happens if Stockton stops paying and defaults on the bonds.

E.  Will the State allow a default? Or will it force Atlantic County to raise property taxes to pay?  Forget the language in the bonds!  Did New Jersey ever allow any of its government agencies on its bonds?   Didn't Governor Whitman force Atlantic County to bail out the Atlantic County Utilities Authority (ACUA) when it could not pay the $82 million it borrowed for the incinerator it never built?  Didn't Governor Christie and both Republicans and Democrats raise the gas tax many times to bail out bankrupt NJ Transportation Authority when it could not pay its bonds?

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Also, listen to Seth Grossman talk about LibertyAndProsperity.com every weekend on the John DeMasi radio program. Saturdays at 9:10AM. Sundays at 5:10PM on WPG Radio in Atlantic City. 95.5FM or 1450AM. Online anywhere in the world at https://wpgtalkradio.com/.

Sabrin pummels young Dem on taxes. Grossman weighs in on Kate Smith

When a young Democrat suggested that a frustrated property taxpayer was wrong for pulling up stakes and leaving the Garden State, libertarian stalwart Murray Sabrin, a finance professor at Ramapo College beat him about the head (rhetorically) with a large dose of economic reality.  Here’s what Sabrin had to say:

In a nj.com guest column millennial entrepreneur and Kinnelon Board of Education member Jason DeAlessi criticizes a previous guest columnist who explained why he is leaving New Jersey for Pennsylvania where taxes are lower.

DeAlessi’s criticism reflects the prevailing collectivist ideology that has been embraced by individuals from all generations who believe: “From each according to his ability to each according to his needs.” If this sounds familiar it should, because it is the foundation of Karl Marx’s vision for the world.

DeAlessi makes the egregious assertion that successful people should be the “cash cows” for social welfare spending. This is the heart of the rationale for all taxes in contemporary America. Taxes have become the prime vehicle for politicians to “buy” the votes of the public who believe the redistribution of income will make them better off and not have any negative consequences for the economy.

The millennial critic of anyone who does not want to pay exorbitant taxes states: “But year after year, the value of your stock portfolio, IRA, and 401K goes up – on the backs of your fellow hard-working New Jerseyans.” This is not only false but defamatory. People earn their money by providing goods and services in the marketplace. In other words, they improve living standards for those who buy their produces and use their services. Entrepreneurs like DeAlessi are dependent on customers who value their services and pay their employees a wage or salary reflecting their value to the firm. This how a free market economy works.

Finally, an analogy should lay to rest the notion that people should stay in New Jersey despite the high taxes. If a slave owner prior to the Civil War decried the escape of slaves from his plantation with the assertion that their labor is needed to keep the plantation functioning, anyone who values individual liberty would consider that an outrageous assertion. Slavery being the most egregious involuntary relationship is no different than taxation, which is the modern equivalent of “slavery.” Why? Both slavery and taxation abuse and individual’s right to liberty.

In short, escaping a slave plantation and leaving a high tax state are not “selfish.” They are noble actions to be free and have more freedom over one’s income and wealth.

You can read more by Professor Sabrin at his blog…

https://www.murraysabrin.com/

Meanwhile, former Atlantic County Freeholder Seth Grossman is kicking some socialist ass of his own.  In an email blast earlier today, Grossman wrote: 

Last year, Stockton University lied about its namesake Richard Stockton and removed his statue.   Last week, the same "progressive" mob lied about Kate Smith, and bullied the Philadelphia Flyers into covering her statue, and taking away her song.   Today, they took away her statue.
 
Details at https://libertyandprosperity.com/kate-smith-latest-victim-of-fake-education-real-hatred-taught-by-colleges-public-schools-today/
 
This did not happen overnight.   This is the latest result of 50 years of people who hate our country, our freedom, and our independence using our public schools and colleges to lie to our children.

Richard Stockton and his family dedicated their lives to ending slavery in America.   Yet Stockton University professors falsely taught its students that he and his family were racists because they temporarily owned some slaves while in the process of giving them educations and preparing them to live on their own.  The real reason Stockton professors hate Richard Stockton is that they hate the Declaration of Independence he signed, and the America based on limited government and individual rights that he helped create.

Kate Smith introduced America to Irving Berlin’s “God Bless America” at a time when it was needed most.   But our schools and colleges are now teach the lie that she was a racist because the perfectly acceptable language she used 86 years ago is now considered offensive by some.

Get the facts on what is going on, and what we can do about it.

Few people in America have more knowledge on this subject than Dr. Duke Pesta.   One of our members, Steve Jones will host a workshop and discussion featuring Dr. Pesta’s latest video presentation this Wednesday, April 24, at the Shore Diner in Egg Harbor Township.

Topic:  Campus Carnage:  Moral Chaos and Indoctrination in the University.
Video Presentation by Dr. Duke Pesta
This Wednesday, 7pm at Shore Diner
6710 Tilton Road (corner of Fire Road near Parkway Exit 36)
Egg Harbor Township, NJ  08234

No charge, but please order and pay for dinner off the menu and tip your server.
Please RSVP with Steve Jones at  sjones-LP@See-More-Facts.com.  Or leave a message at (609) 927-7333. Feel free to contact him for details.    Thanks.
 
Seth Grossman, Executive Director
LibertyAndProsperity.com
453 Shore Road
Somers Point, NJ  08244
info@libertyandprosperity.com
(609) 927-7333

Help Liberty & Prosperity at Stockton University

Here is a message from Seth Grossman, former Atlantic County Freeholder and one of the state's most outspoken and indefatigable libertarians.  Seth and his organization, Liberty & Prosperity, are taking the battle to Stockton University and signing up the next generation of conservative leaders.

Please help us at Stockton!

Tomorrow and Wednesday, Sep 19 and 20.

Any time between 10 am and 4pm.  Meet us at Table #24 at F Wing Atrium (outside library).

We need to talk to students about LibertyAndProsperity.org at Stockton's "Get Involved Fair".

Stockton University spends lots of time and money for students to “get involved”  with off-campus “community service agencies”.

Tomorrow, September 19,  and Wednesday, September 20, we and 30 other off-campus groups will be at tables set up in the F Wing Atrium (outside library) of the Stockton campus to meet students.    We will be there from 10 am to 4pm.   We need your help to hand out postcards, bring students to our table, and persuade them to sign up for our email updates and meetings on campus.

Stockton University is by Jimmie Leeds Road in Galloway Township between Exits 41 and 44 of Garden State Parkway.

More than half of the other 30 groups directly or indirectly promote the “democratic socialist”, Obama/Clinton Democrat political agenda.

Some falsely blame “capitalism” and “racism” for poverty and “income inequality” in America.   They suggest that those who work hard to live a comfortable, middle-class life should feel guilty about their “white privilege”.

Some demand “safe spaces”, special funding and all sorts of special privileges for certain “politically correct” groups of “victims” who they falsely claim are unfairly treated by a hateful, intolerant, and unjust America.

Other groups falsely blame America for “climate change” and even hurricanes!   They promote “green” energy projects that do little or nothing to affect climate, but do a whole lot to kill jobs, triple electric bills, jack-up heating bills,  and make Americans miserable and poor.

  Although Stockton claims to embrace “diversity”, we are the only group on campus that openly offers students different points of view.

We alone explain how America was “conceived in liberty” on July 4, 1776 when our Declaration of Independence held these truths to be “self-evident”:

“We are all created equal.  We are endowed by our Creator with certain unalienable rights.  Among these are life, liberty and the pursuit of happiness.  To secure these rights, governments are instituted among us, exercising their just powers from the consent of the governed”.

We alone explain that although Stockton University displays a giant mural of that Declaration of Independence outside the Campus Center, that mural is designed so that it is nearly impossible to read those self-evident truths.

We agree that America is not perfect.  However, we remind Stockton students that when Americans understood and respected our Constitution and those founding principles of liberty, America brought more wealth, opportunity, and justice to more people than any other nation in history.   We explain that this is the meaning of New Jersey’s motto “Liberty and Prosperity” since 1776.

We alone point out that earth’s climate has constantly been changing for billions of years.  We remind students that half of New Jersey was covered with giant ice sheets until “global warming” began more than 10,000 years ago.

Our goal tomorrow and Wednesday is to persuade 10 Stockton students to sign our Liberty and Prosperity Club roster.    If we succeed,  we will be recognized as an official Stockton student club.   This will give us funding and access to Stockton’s meeting rooms, bulletin boards, and TV monitors.

If you can join us on campus tomorrow or Wednesday, please contact Seth Grossman at info@libertyandprosperity.org or (609) 927-7333.

For more information, please also visit LibertyAndProsperity.org, Liberty and Prosperity Facebook page, and RepudiateNJ.com

If you cannot be with us on campus this week, please forward this email to any Stockton student you know -- or the family of any student.   If you know a student who may be interested, please let us know so we can contact that student.

We also have scholarship and stipend money for students who help us deliver our message on campus.

Thank you for your support.

Seth Grossman

LibertyAndProsperity.org

453 Shore Road

Somers Point, NJ08244

(609) 927-7333