PUBLIC BANKING: A REAL SOLUTION

from Dave Felice:
It has become crystal clear to most people paying the slightest bit of attention that our banking and financial sector is unstable and severely inadequate in addressing the financial needs of local governments and communities. Here in Colorado we have been watching helplessly as essential government services are continually being cut and privatized. Politicians tell us they do not have enough money and have no other choice but there is another option - Public Banking.

On March 13th of this year a group of citizens submitted a Proposed Constitutional Amendment for the State of Colorado to establish a Publicly Owned State Bank. It would truly be the people's bank and could lend money out at low (or no) interest to promote local business and the interests of Colorado residents. And the money the bank earns on interest it could use for schools, roads or other things the state is falling short of funding.

You can read the proposal here:

The hearing on the Initiative before the Colorado Legislative Council is this coming Thursday, March 27th at 1:30 p.m. in the Capitol Building, Room HCR 0109.