Wednesday, April 22, 2015

'So Here’s A Common Sense Budget Fix, Sen. Marklein'

My Man Mark Doing His Thing!

‘Call’ Readers Write: So Here’s A Common Sense Budget Fix, Sen. Marklein

Hello, Senator Marklein:

I am sure we all would like to see these words – Budget Surplus – when looking at the means available to our state. But the likelihood of that ever happening is not good so long as the state uses private financing to supply whatever it does not raise in taxes. However, one must ask the question about why this is looked at as the only option.  More than 100 years ago the farmers of the State Of North Dakota realized that private finance was not the only way to fund the activity of The People.  They determined that so long as the banking method of supplying money to the economy was going to be used that The People should be the ones that owned the bank!  Simple idea, and very effective.
You see, if The People of the State of Wisconsin own the bank then the proceeds from banking (all the repaid loans and the interest) go back to The People, to the budget of their own economy!  In the scenario of private ownership of banking the proceeds from banking will not go back to The People and will, in fact, be a drain on the economy that can never be stopped unless The People do not need money to do the things they do!
So, I am writing to ask why the Joint Finance Committee goes along with the private sector financing of that which is not raised in taxes and has not assessed the situation with a more positive approach such as was determined by the people of North Dakota over 100 years ago?  Since the institution of The State Bank Of North Dakota formed that state has had a budget surplus!  Yet we in what claims to be a progressive and well educated state continue to wrangle over budgetary items living with these silly notions that we do not have enough to do all that We The People can and need to do.
The absurdity of this situation goes beyond the Joint Finance Committee and makes one question the legitimacy of a so called ‘education’ from our university system that is also wringing its hands about how to fund its activities while none in that circle seem to understand that We The People can actually own and control our own bank and can use the proceeds, that one can see are drenching Wall Street bankers in money, to finance our own activity instead of theirs!
So I challenge you and the rest of the Committee to question the assumptions under which you are working and discover that a simple establishment of a State Bank Of Wisconsin that is owned by and works for the benefit of We The People would allow you and the rest of the Committee to stop the wrangling and hand wringing about budget cuts and actually supervise the phenomenal economic strength of our state.  It is really just a matter of knowing that The People ARE the economy and that they should rightfully be the issuers and controllers of Their Money and that the proceeds from the issuance of money should come back To The People.
Please do not let another 100 years pass before you and the rest of the committee come to this discovery and progressive action taken by the farmers and ranchers of North Dakota 100 years ago.

For more information on Public Banking please visit The Public Banking Institute:

Mark Heffernan
Richland Center, WI

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