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Re: “No, Colorado doesen’t need a public bank,” Feb. 22 letter to the editor.
Regarding Earl Staelin’s Feb. 15 guest commentary (“Colorado needs a public bank”), letter-writer Daniel Bryce writes, “In his grab bag of supposed benefits, Staelin neglected to mention how it will help all those poor cronies, politicians and fat cats get control of even more of your money.” Well, the state already has your tax dollars. A state bank, a division of state government, will keep the dollars in Colorado instead of sending them off to Wall Street where the state must effectively borrow them back when it needs funds for large infrastructure projects. With a state bank, Colorado will be borrowing from itself, keeping the interest, and thereby permitting lower taxes.
Maynard (Mike) Moe,Denver
This letter was published in the March 1 edition.
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