Sam Greco of West Windsor
I have been very encouraged by the recent letters that have been submitted questioning the wisdom of the West Windsor Council and mayor on their endeavor to redevelop the railroad train station — whose main purpose will be to attract more commuters at the expense of serious tax consequences and on the quality of life to West Windsor residents.
The mayor and Town Council are obviously in cloud nine and completely unaware of the economic crisis that is currently happening. Amtrak is experiencing economic losses, the state of New Jersey is in a state of bankruptcy, the housing foreclosures in West Windsor are six times what they were last year and the federal government is on the brink of economic collapse.
I suggest that they read the two-page advertisement that appeared in The New York Times on Sept. 7, signed by well-known economists including Paul Volcker and P. E. Peterson (former secretary of commerce) on the impending serious economic crisis facing this nation. The basic message is that we have become a debtor nation with a $53-trillion debt which translates to $466,000 per household which is about 10 times the median annual income of these same households. They cite the annual trade deficit of $800 billion, out of control health care costs and entitlements and that we are in a dangerous position to foreign lenders who own half of our debt.
Hence this is not a time to embark on extravagant expenditures but to downsize expenditures in order to avoid a future taxpayer rebellion.
Sam Greco
West Windsor

