California's need to create our own STATE BANK . . . (Reply #77)

In the discussion thread: California Faces Huge Budget Surplus [View all]

Tue May 28, 2013, 05:00 PM

aggiesal (5,918 posts)

77. California's need to create our own STATE BANK . . .

There is no reason to continue paying the BIG BANKS interest on our money.
If we had our own state bank, where all the states business would have to
operate from, the interest alone would be around $20B (based on conservative
estimates).

But we all know that the BIG BANKS are not going to let that happen.
They have waaaaay tooooo much skin in the game.

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77 replies	Author	Time	Post
California Faces Huge Budget Surplus [View all]	RandySF	May 2013	OP
I know, I know...FUND the master plan.	nadinbrzezinski	May 2013	#1
+1 - A good "pickle" for our state to be in, imo.	pinto	May 2013	#2
I sure would like to seriously revisit the Gray Davis recall.	Gregorian	May 2013	#3
I remember it well. Darryl Issa was behind the recall.	Bette Noir	May 2013	#20
Oh, I forgot about Issa. We really let the pukes run all over us.	Gregorian	May 2013	#35
Davis and Bustamante were suing . . .	aggiesal	May 2013	#53
And Ahnold and the Republicans ruined . . . and the nation.	JDPriestly	May 2013	#58
Memory recall.	airplaneman	May 2013	#65
Gray Davis was, to be kind, ineffectual. Jerry Brown in a whole different species.	NYC_SKP	May 2013	#47
They should save it to smooth out future bumps.	dkf	May 2013	#4
"Exodus". Bwaaaahaaaahaaa.	Scuba	May 2013	#38
Funny. That's exactly the argument Republicans and TeaBaggers use, even saying "exodus".	BlueCaliDem	May 2013	#52
Get those talking points in	Kingofalldems	May 2013	#67
We should be use to it by now	NBachers	May 2013	#73
public transportation	CountAllVotes	May 2013	#5
Spend it on infrastructure? What, does California want to be the only state that doesn't	A Simple Game	May 2013	#11
OFFS, spend it on things that will create jobs.	Make7	May 2013	#6
But, Republicans have told us raising taxes isn't the answer	NewJeffCT	May 2013	#7
It's 2001 in reverse.	Igel	May 2013	#36
Just think how much more they would have	Politicalboi	May 2013	#8
+1	SCVDem	May 2013	#17
They should	mercuryblues	May 2013	#9
Whatever they do with the money, bank it for a rainy day or use it to rebuild some of the	calimary	May 2013	#10
That theory does not always work.	former9thward	May 2013	#13
California was in the worst fiscal shape of the country ....	Trajan	May 2013	#22
Maybe you should read posts in the thread before jumping in on your high horse.	former9thward	May 2013	#23
To support and promote the Democratic Party and its essential philosophies	Trajan	May 2013	#24
You are here to disrupt a thread.	former9thward	May 2013	#25
You're funny.	2ndAmForComputers	May 2013	#27
I am happy you find amusement.	former9thward	May 2013	#29
Yeah, this is the kind of site for that.	2ndAmForComputers	May 2013	#32
Why are YOU AT DU...you constantly post concerns from the right about Democrats	CreekDog	May 2013	#54
I've never asked why someone is at DU unless they have asked me first.	former9thward	May 2013	#56
The person you are attacking with such broad strokes	truedelphi	May 2013	#76
Why am I not surprised post 10 bugged you and you felt you had to counter it?	2ndAmForComputers	May 2013	#26
port 10?	former9thward	May 2013	#28
So mature. Latch on the typo to distract from the fact he isn't fooling anyone.	2ndAmForComputers	May 2013	#31
you posted to badmouth the idea of a democratic governor and legislature	CreekDog	May 2013	#55
No I didn't but keep digging.	former9thward	May 2013	#57
Hire More Firefighters!	Catch2.2	May 2013	#12
They could send some of it my way	NV Whino	May 2013	#14
The "rainy day" when...	dogknob	May 2013	#15
But wait! The Republicans said this can't happen!	DFW	May 2013	#16
How about reducing tuition at State-controlled universities?	Bette Noir	May 2013	#18
They need more universities	adieu	May 2013	#49
Jobs, jobs and jobs	SCVDem	May 2013	#19
Adult dental coverage again,...before California surfers look like Alabama shitkickers.	Spitfire of ATJ	May 2013	#21
Start a state owned bank.	JeffHead	May 2013	#30
I like this idea	SwankyXomb	May 2013	#64
YES! A State Owned Bank- I second this post	NBachers	May 2013	#74
No shock, given how they have slashed all public services to the bone.	kestrel91316	May 2013	#33
Doesn't California still have a couple hundred billion dollar unfunded pension liability to cover?	FarCenter	May 2013	#34
Shhhh. (That is all.)	Igel	May 2013	#37
In the parlance of the present century, you are indulging in what is sometimes called	Nimajneb Nilknarf	May 2013	#39
Ding! Ding! Ding!	SomeGuyInEagan	May 2013	#51
So that is a $64 billion improvement, in three years?	bemildred	May 2013	#40
Marijuana a factor in the budget surplus?	B Calm	May 2013	#41
California is getting close to one trillion in debt	madville	May 2013	#42
Quick, demand rebate checks circa 2003 Bush tax cuts. That will solve the problem of a	Nanjing to Seoul	May 2013	#43
The big problem is that unless we somehow spend it,	SoCalDem	May 2013	#44
Keep the cash flow out of the hands of the righties and things should go well.	toby jo	May 2013	#45
Simple. Pay down the debt run up by the repukes during their mis-management	on point	May 2013	#46
Good now California can come and pick up "the arnold" statue in Columbus, OH	Botany	May 2013	#48
Obviously, they should immediately cut taxes for the rich.	tclambert	May 2013	#50
When tax-evading, money-hoarding, corprat-welfare-promoting, greed-driven GOP is driven out of power	Triana	May 2013	#59
They should put the money into the roads and bridges imo. nt	cstanleytech	May 2013	#60
And....according to a recent Sac-Bee story, Jerry is planning just that!	Left Coast2020	May 2013	#70
Hardly	allinthegame	May 2013	#61
How about re-funding the state education system. K-12 and college.	ElizabethWarren2016	May 2013	#62
This just proves that Republicans ARE the problem.	alarimer	May 2013	#63
Winner. California would be well served if voters make republicans there extinct. nt	bluestate10	May 2013	#66
They essentially are at the moment. Filibuster proof majorities in both houses.	Kablooie	May 2013	#69
They should buy a bunch of California lottery tickets with it.	Kablooie	May 2013	#68
I remember reading and article in "Business Insider" by a right wing screwball about how the Clinton	W T F	May 2013	#71
Wasn't California the GOP's poster child for what is wrong with America?	mick063	May 2013	#72
Give back what you took from the people. n/t	Whisp	May 2013	#75
California's need to create our own STATE BANK . . .	aggiesal	May 2013	#77

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