Public Banking: An Idea Whose Time Has Come

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-- economically viable like private banks, but more stable and secure;

-- "able to offset tax increases with returned credit income to" communities;

-- ready resources for state and local governments, "eliminating the need for large 'rainy day' funds," sitting dormant unused;

-- help for local businesses, farmers, working households and students, not casinos to speculate recklessly like private banks; and

-- legal according to the Supreme Court.

In contrast, public banks aren't:

-- run by politicians, but by bankers responsible to states, local communities and the public welfare;

-- "boondoggles for bank executives; rather, their employees are salaried public servants (paid by states or local governments with transparent pay structures) who (won't likely) earn bonuses, commissions or fees for generating loans;" or

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