WA Ping
Isn't it comforting to see comments from a community college instructor to help our brilliant legislators with their decision making?
WA Ping
Isn't it comforting to see comments from a community college instructor to help our brilliant legislators with their decision making?
Yeah, because governments are SO good at taking care of other people’s money. /SARC
The stupidity is astounding...
They are in for a shock when they figure out that a loan bank is useless, only be partnering with other banks can this be of any meaning.
For instance, I don’t see Office Depot accepting the State of Washington Credit Card anytime soon.
You think the tellers at Bank Of America are surly and obnoxious?
Wait until they are replaced by government emloyees who couldn’t make the grade at the Dept. Of Motor Vehicles.
Golly, what could possibly go wrong?
This from a State that turned a $3-billion pre-election surplus into a $9-billion post-election deficit, in about 6 weeks...f’n morons.
Time to separate the Puget Sound nutfarm from the remainder of the State!
A bank that will never run out of money as long as a single Washington state taxpayer can still draw a breath?
Might not be a bad investment...
Liberal Fantasy: “I think people see this as a form of empowerment, that we’re going to try to do something in our state to regain control over the safety of our finances,”
Liberal Reality: Washington State: FY13 Projected Shortfall - $3.5 billion. Percent of FY12 Budget - 22.2%
Well they do have the senate bank to use as a role model. Oh, wait ......
And we just got rid of state run liquor stores, too.
Golly, what could possibly go wrong?
This from a State that turned a $3-billion pre-election surplus into a $9-billion post-election deficit, in about 6 weeks...f’n morons.
Time to separate the Puget Sound nutfarm from the remainder of the State!
Isn’t there a (state) Constitutional problem here? I forget the exact verbage, but there’s something in there about not lending the credit of the State.
Seems to be a more or less direct violation, to me.
Of course those sharks on Wall Street will gladly get the politicians hooked on the free money .. then when payment comes due they will own it all. Just like a crack dealer, and the state is the most witless addict that can be found.
schu
This will only “work” if they can print their own or force deposits to the bank.
The Save America Foundation (SAF), a not for profit organization, is intent on seeing the U.S. Constitution upheld by our elected officials. ...The Constitution of the United States was created to be the bedrock of the nation and to lay out our rights as citizens. As America’s most important document it provided the framework for our government and the means through which the people could keep the government in check. But what happens if the government institutes laws that are inconsistent with the Constitution, such as the passage of the recent Health Care bill, HR 3200?
...
State Bank Initiative
Remove the power of the Federal Reserve System by establishing independent state banks in at least 20 states during calendar year 2012.
Source: http://www.saveamericafoundation.com/initiatives/state-bank-initiative/ and the linked "About Us" page
Look at Freddie and Fannie for how great government banks work! LOL Leftists are total idiots and liars.
Politicans controlling banks...what a stupid idea given what they are now seeing in Washington, DC! They will rob the State blind like Freddie and Fannie have done to the Federal Treasury.
Scratch that low interest student loans. The federal government has a monopoly on that scam!
Prior to 1925, Texas had more state chartered banks than national banks. Most of them went bust during the depression, just like the other banks did.
A state run bank would be like the fox guarding the hen house.
DUH.....from the bank! /s
If the bank runs out, they can just take the money from the evil rich.
Will they receive and give out gold as a commodity?