Washington Votes Forum

Introduced in the House on February 1, 2010

Click here to view bill details.

State of Washington's budget unbalanced! Loss of State Bank funds guarantee!  State Bank fails!!!!!

 So, the state of washington, despite it's inablity to handle the funds it already has, wants to create a bank so that nobody will know what is being spent where and what is being taken in?  Where the hell did they get the idea for this, California or Obama?

Vote the bat-rastards out

 

 I believe this is unconstitutional although that doesn't seem to matter to any liberal in either Washington.

It's just another ploy to give liberals who control the state another method of controlling our money and rewarding their cronies and campaign donors.

An oversight board? Please. Who do you think the members of this board might be?

The liberals didn't want to continue funding the State Auditor's account to audit government agencies as it is so we are supposed to believe they can create and control a state bank where fraud, waste and abuse doesn't happen? 

 

 What the heck's wrong with private banks? How can legislators possibly REDUCE government when all they do is keep putting their noses where it doesn't belong???

 
"Where the Hell did they get the idea for this ..."

From me, Dennis Eros.  I have been hammering on both Senators and Representitives for nearly a year to consider this idea.  It's a good deal for Washington residents.  The Bank of North Dakota was formed in 1919 as a state owned bank by farmers and other besinessmen because of out of state big  bankers and railroad men were abusing local residents.  Think Bank of America, Wells Fargo and Chase/JPMorgan.  Nothing has changed in the last 90 years big banking had distroyed small town people and they are at it again today.  Look, Washington State paid Wall Street banks over $1.87 billion last year alone.  Can the State of Washington get good bargains from them.  Hell, NO!. 

Wasington has $8 billion deposited in the three banks mentioned and the state gets back .25% or $20,000,000 a year in interest.  If we owned a bank we could set intrest rates at 2% and pay the state $160,000,000.  Which, do you prefer Dragon?  The bank would also have to operate under the same rules and any other Washington State Chartered Bank by the state.

In addition, look at these practical benefits, which should accrue to your constituents in addition to tax savings:

• 2%, 15-years mortgage
• 2% energy loans
• 2% student loans
• 3% car loans
• 3% business loans
• 6% credit cards
• 6% CDs

Dennis Eros

denniseros:

Wasington has $8 billion deposited in the three banks mentioned and the state gets back .25% or $20,000,000 a year in interest.  If we owned a bank we could set intrest rates at 2% and pay the state $160,000,000.  Which, do you prefer Dragon?  The bank would also have to operate under the same rules and any other Washington State Chartered Bank by the state.

In addition, look at these practical benefits, which should accrue to your constituents in addition to tax savings:

• 2%, 15-years mortgage
• 2% energy loans
• 2% student loans
• 3% car loans
• 3% business loans
• 6% credit cards
• 6% CDs

Dennis Eros

 

 I prefer Dennis, that the state focuses on killing unnecessary departments, and begin to be fiscally responsible by lliving withen the income it currently generates rather than raising taxes (or revenue sources or fees or whatever vernicular the legisilature will come up with).  Along with that Dennis, I prefer the state legislatures recognize the fact that many people cannot pay their property taxes much less more taxes.  Where will all the new homeless people go?  I prefer they start setting up camp on the capital grounds in Olympia.  If the legilsture really cares for who they serve, it is the least they can do.

I prefer that the state of Washington becomes more business friendly as to not drive away businesses such as Boeing.  I prefer the legislature to get their head out of their ass (I mean King County and puget sound) to find out how the rest of the state live.  Along with that, I prefer the legislature to realize, this is Northern CA, this is Washington, a seperate state.  If we wanted it to be Northern CA, we would move, so so not californicate US.

I prefer the legislature not to propose a state income tax every year, rather than focus on the real issue at hand, that the state government is too bloated to support.

I prefer the legislature not to do illegal things (I checked with an attorney from the ACLU) like HB 3191 as a "ghost bill," and focus on cutting the budget.

I prefer the legislature to actually honor the will of the voters, not disregard it as they did with I-960.

I prefer that the state eliminate all benefits to illegal aliens.

I prefer the state not release any sexual offenders or violent offenders they are not lose to kill cops and harm the rest of the citizens.  And when it does happen I prefer not to see crocodile tears from the queen making yet another empty promise about investigating how it's done.

I prefer that if the FED governent mandates a law without providing monetary funds, that the state of Washington tells the feds HELL NO and cite the tenth amendment which states: “the powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”  So at the very least we, the residents of WA state should be able to vote on which federal mandate we want to follow.

I prefer the state be people friendly again, and get rid of the now-disproven global warming initiatives the legislature has been pushing down our throat.

I prefer that the state of Washington get out of the retail business and any commercial businesses.

And, if the state really needs to start it's own bank, I prefer the state to open it's own credit union so that residences of WA can enjoy the same benefits that you are proposing the state will recieve.  

So Dennis how about a full disclosure on about you?  You say "big banks" like it is a bad thing, and while not necessarily good, the state has the freedom to choose which bank it does business with, that is the beauty of the free-enterpise system.  To me you are just another "LOBBIEST." 

So I prefer Dennis to know, who is paying for you and how much and what is it you actually want to promote, the freedom of captilism or the chains of socialism?  Remember, Deeds not words.

Once last thing I prefer, is the BASTARDS VOTED OUT!

DK

Guess who will have to foot the bill when this disaster goes south?  Did we already forget what happens when government starts messing in the financial markets.  Does the Community Reinvestment Act, Fannie May and Freddie Mac and Ninja loans ring a bell?

I will keep my money at the credit union - thanks anyway!

 Absolutely no!

The liberals running this state have no desire to be fiscally responsibile nor do they care about how they waste our tax dollars. They can't run the agencies and programs that are already a part of the state with any sense of obligation so why in the world would anyone in their right mind want them to implement a state bank? More cronyism, more corruption, more fraud, more waste.

Please - what ever happened to common sense and decency?

 The Shootist is fantacy, Wayne was paid to say these words.  He was not a sage, he just said what he was paid to say.  By the way, he was also paid to sell cigarettes, which killed him.

Go figure,

Dennis

 

State of Washington's budget unbalanced!  A whole lot of Washington's citizens budge is also unbalanced.  How to help them?  A community state owned bank dedicated to help each citizen with their cash flow and induce savings.  Bank of America is paying an average of less than 2% on saved money and 28% on their credit cards.  Try the Bank of the State of Washington and get 3% loans and credit cards at 6%.  Remember the Bank of the State of Washington has to function under the same rules other Washington state banks opperate with.

Of course, you can dismiss an independant state owned bank as politics or you can understand, this consept is good for washington and healthy for our economic future.

Loss of State Bank funds guarantee!   Washington state bank auditors require practical banks to be practical.  The concept of a Washington State Owned is the wave of the future, guided by and guarenteed to be regulated by independant state auditors.

State Bank fails!!!!!  Washington State bank owners, you and I, win with a state owned bank.

Look at the Bank of North Dakota.  They have been successfull and profitable for 90 years.  If state owned banking can win in North Dakots it can work for Washington and everyother state in the union.

Oh yes. A little research and we find a story at MSNBC. com that reveals the SOCIALIST North Dakota Bank. When MICHAEL MOORE advocates for it, you know there is a big problem.

Note that this bank has no deposit insurance; North Dakota taxpayers are on the hook for any losses. 

 

denniseros:

 The Shootist is fantacy, Wayne was paid to say these words.  He was not a sage, he just said what he was paid to say.  Go figure,

Dennis

 And Shakespere is also a writer that was paid to write, still people quote from him.

So I'm looking for your point here.

 

DK

denniseros:

State Bank fails!!!!!  Washington State bank owners, you and I, win with a state owned bank.

 

 Spoken like a true lobbiest Dennis.

I answered your question Dennis and I as well as everyone else who reads this board is still waiting for your full disclosure as to who is paying you and do you stand for capitalism or socialism.

 

Deflecting will do you no good.

 

DK

 This proposal makes sense when you consider Washington State is an experiment in Socialism.

One party controls the state government and most of the counties and cities.

We already have socialized medicine in the state's basic health plan where a comittee determines what procedures, tests, and drugs are available and covered under the state plan.

Gregoire is a huge global warming myth advocate and intends to implement exactly what Obama hopes to ram through the federal government - an economy busting, wealth redistribution scheme that punishes the businesses and people liberals don't like while rewarding those they do like and the cost of everything from toilet paper to electricity will be beyond the means of all but the wealthy.

Since the federal government under Obama and the Democratic majority have already taken steps to destroy free markets and capitalism, free speech and free association, and abhor other Constitutional rights (such as gun ownership), and believe that draconian steps with coercive measures are necessary to transform the U.S. into a liberal dictatorship, the liberal dictators in Washington State are merely following their Dear Leader and their own ideology when proposing further government control over people's money.

 ". . . and has no deposit insurance; North Dakota taxpayers are on the hook for any losses."

In its 91 years the Bank of North Dakota has never had a loss.  Plus in-state private banks rely on BND for loans and loan guarantees.  Your fear is unfounded.

 You are so funny.  Every thing you want can be supplied by a citizen-state owned bank.  The Wall Street banks got us into the pickle jar and we had to bail them out to the tune of $700 billion.

Before this was the dot com frauds.  Before that it was the savings and loan swindles.  All of these scams were perpetrated by Wall Street Investment Banks.

•      In addition, look at these practical benefits, which should accrue; in addition to tax savings:

•      2%, 15-years mortgage -- Homeowners

•      2% energy loans – Small Business

•      2% student loans – Your grand child.

•      3% car loans – for everyone

•      3% business loans – not 6-8%

•      6% credit cards – many are up to 29%

6% CDs – instead of 1-2 or more likely .25%

•      We could make the $3.6 billion we are short this year on just a couple of million 2% mortgages. We can do even better on 3 – 4% commercial financing and vehicle loans.

•      And all the money the bank earns goes directly into the State Treasury, to work for Washington, not Wall Street.

•      Now look what happens. With a 2% fixed rate 15-year loan, the buyer has paid off over 11% of the principal within 2 years.

•      That means we have more than enough reserves to make new mortgages for others to pay interest to the state!

 (In comparison, a 5.5% 30-year loan takes 7 years to pay 11% of the principal).

•      Save$1.87 billions of dollars for the State Treasury* while we save Washington residents billions on loans, which becomes NEW money spent in Washington’s economy.

•      *Paid now to Wall Street to service our loans and bonds.

 

 Excuse me.  Did you vote for any of these guys and gals in Olympia.  Their election came because more voters are for them and against your ideas.

 And Shakespere is also a writer that was paid to write, still people quote from him.

So I'm looking for your point here.

Evidence is growing that Edward de Vere, the Earl of Oxford, may have written the plays known as Shakespeare's. With box: Who was the bard?   It appears you are wrong about Shakespeare being a paid writer; he was a paid front man for de Vere.

Please be a little pragmatic and look at the other side of the coin.  A state-citizen owned bank has the possibilities of being good for Washington.

 

We live in the era of knowledge and information. How do you imagine all these corporations got so far and managed to be so renowned at an international level? Well, it happened because they chose to be in control of any movement, to be aware of any market feedback. This came along with all these data center security methods that made them thrive. It`s a good strategy, we must admit it.