To the Editor:
Public banking is worth looking into.
North Dakota has their own bank and their unemployment rate is 3 percent. All of their banks stayed up and running well during the 2008 plummet on Wall Street.
North Dakota’s revenue is invested in their state and local business communities. Their state-run bank partners with their private banks and they all have a nice tidy return.
Maine’s revenue is shipped out to Wall Street.
Wouldn’t looking into a state-run bank to keep our money for ourselves be worth considering?
From what I have learned so far, state-run banks partnering with local private banks generateover the taxlow-cutinterestlapses. loans with*ThegoodDebt Ceiling*returns. North DakotaAlthoughis notinreallydebt. partFor further of the fiscalinformationcliff, the debtlookceilingup “willPBI,”havewhichto bestandsraisedforagain,Public BankingprobablyInstitute.in February or
ceiling,Jennyespecially Gray
weakWiscasset
economy;
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