To: The Massachusetts State House, The Massachusetts State Senate, and Governor Charlie Baker
Public Banking in Massachusetts
Establish a public bank in Massachusetts to save the taxpapers $2 billion and give each Representative and Senator in Massachusetts a better chance at getting their projects funded -- projects that you, their constituents, want and need. A public bank will reduce our taxes and increase prosperity for all!
Why is this important?
This petition is about having a more honest and transparent monetary system. This petition is about virtually eliminating usury, interest on money. The State of Massachusetts, instead of borrowing money from private banks, at say 4-5% interest, which it currently does, the State of Massachusetts can establish it's own bank, The Bank of Massachusetts and SAVE approximately $2 Billion in debt servicing fees per year! This would reduce the need for the continual increase of our income taxes and rejuvenate the current curtailed services by increased spending. We need more money in circulation that is NOT based on usurious debt!