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Public Banking: An Idea Whose Time Has Come

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"While other states (struggle with weak economies), we in North Dakota are in a position of strength and can use our surplus funds to meet the needs of the state" adequately, despite $174 million less federal human services aid than last year.

Nonetheless, North Dakota is prosperous. "You can see it in the progress of our industries, our main streets, in our schools, and in our overall economic growth. Our progress is getting national attention. It's attracting people from other states and it's allowing (our) people to stay close to home."

North Dakota's impressive record includes:

-- large budget surpluses;

-- merchandise exports nearly doubled to $2 billion in the last five years alone;

-- 40,000 new jobs added in the last decade while the nation lost them;

-- the country's lowest unemployment rate at 3.3%; and

-- much more revealing progress and prosperity, Dalrymple saying he's "fortunate today to be able to say with complete confidence that the state of our state is strong and growing stronger!" As a result, more impressive things are planned because North Dakota has resources to implement them, while other states cut back.

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