About Dick Conoboy

Dick Conoboy is a recovering civilian federal worker and military officer who was offered and accepted an all-expense paid, one year trip to Vietnam in 1968. He is a former Army Foreign Area Specialist for Western Europe and Southeast Asia, counter-terrorism intelligence analyst and information/security manager at the Defense Department. Dick also worked as a resource manager at various government offices to include then VP Al Gore’s National Partnership for Re-inventing Government, now recognized as having been a shamefully neo-liberal “think tank”. He speaks fluent French and a passable English learned through many years of elementary school experience diagramming sentences. Dick owes his writing ability to consuming large amounts of chemical laden and fried fresh water pike and perch fished from Lake Erie in the 40s and 50s near his native Cleveland whose Cuyahoga River regularly catches on fire.

By: Dick Conoboy (295)

Public Banking Bill Fails In Committee

The Senate Committee on Business, Financial Services, Gaming & Trade failed to vote the bill out of committee, but it can be revived in the second year of the biennium.

The Senate Committee on Business, Financial Services, Gaming & Trade failed to vote the bill out of committee, but it can be revived in the second year of the biennium.

SB5509, An Act Relating to the creation of the Washington state public infrastructure bank, will have to be brought back in 2024 when its chances of completing the legislative slalom might be better. Priorities at the beginning of biennial legislative gatherings are usually those necessary to implement the budget. Unfortunately, this bill, which could have immensely beneficial impacts for the budget, did not fall into the proper category to move forward in a crowded field of legislation.

Proponents of the public infrastructure bank are sure to use the remainder of 2022 to inform the public, local governments, and the tribes of the benefits of public banking. This year, nearly 150 individuals and organizations signed in to the bill's information page, indicating their support of SB5509. Notably, at the top of the list is the Association of Washington Cities which indicates that municipalities are beginning to appreciate the potential benefits of public banks.  To wit:

Association of Washington Cities
City of Bellevue
City of Mercer Island
Green Party
IBEW 46 ( Electricians Union)
Indivisible Eastside
IUOE Local 612
Lake City Taskforce on Homelessness
League of Women Voters of WA Olympia 98501
Port of Everett
Public Banking Institute
Puget Sound Advocates for Retirement Action
SEIU775
SMART Transp. Division/United Transportation Union
Snohomish & Island Labor Council
Transit Riders Union
UFCW 3000
WA Build Back Black Alliance - (WBBA)
Washington Education Association
Washington State Association of County Engineers
Washington State Building & Construction Trades Council
Washington State Labor Council, AFL-CIO
Washingtonians for Public Banking
WBBA
Whatcom County Democrats

The sad irony about SB5509 is that Seattle just passed a housing initiative (I-135) for which they are now scrambling to find financing…and at what cost? Public banks are set up to assist in financing exactly this type of initiative, but for the last decade our legislators in Olympia have stalled and voted NO on creating a public bank. Public banks are an ideal construct to assist or partner with community banks that can then work with local developers and municipalities.  

In the coming months, there will be no shortage of opportunities for the public to speak its mind regarding public banking. Keep an eye on this space for further articles that will describe specific actions you can take to boost the chance of a public banking bill passing in 2024.

For those of you who need a primer on the proven record of public banking, I suggest reviewing the Public Banking Institute site. The link below will provide some background on the present state of SB5509.

[Disclaimer:  I am on the board of the non-profit Washingtonians for Public Banking and I speak here only for myself.]

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About Dick Conoboy

Citizen Journalist and Editor • Member since Jan 26, 2008

Dick Conoboy is a recovering civilian federal worker and military officer who was offered and accepted an all-expense paid, one year trip to Vietnam in 1968. He is a former Army [...]

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Public Banking Bill Fails In Committee

By Dick ConoboyOn Mar 13, 2023

The Senate Committee on Business, Financial Services, Gaming & Trade failed to vote the bill out of committee, but it can be revived in the second year of the biennium.

Growth of Medicare’s ACO Reach Scam Halted

By Dick ConoboyOn Mar 12, 2023

The program appears to be dying of self-inflicted wounds that were long predicted. Supporters stiffened their spines instead, ignoring the obvious blood loss.

6 comments, most recent 1 day ago

Call To Action On Medicare (Dis)Advantage!

By Dick ConoboyOn Mar 02, 2023

If we do not speak out NOW on the privatization of Medicare, the system will effectively be eaten alive from within.

3 comments, most recent 2 weeks ago

A Cruel Joke From The VA and Congress

By Dick ConoboyOn Feb 27, 2023

At least with a real joke, you get to laugh. Here, the government seem to laugh at you.

7 comments, most recent 3 weeks ago

Females And Football

By Dick ConoboyOn Feb 11, 2023

Actually, it is Exploitation Day all around.

3 comments, most recent 1 month ago

“Social Security And Medicare Are Off The Books Now”

By Dick ConoboyOn Feb 09, 2023

This is a quote from President Biden during his State of the Union address on February 7th, 2023. Your bullshit meter ought to be in the red now.

7 comments, most recent 1 month ago

Public Banking Bill Introduced In Olympia

By Dick ConoboyOn Jan 27, 2023

Public funds belong to all the residents of Washington state. Why give that money to private banks so they can make a fortune for themselves?

5 comments, most recent 2 weeks ago

Our Throw-Away Military Service Personnel

By Dick ConoboyOn Dec 26, 2022

Holiday Greetings to the troops. A middle finger.

10 comments, most recent 2 months ago

Oath Keepers and Stolen Valor

By Dick ConoboyOn Dec 07, 2022

The tab created by the risibly-named Oath Keepers was stolen from the U.S. Army. It is an insult to every Army veteran, especially those qualified as Ranger or Airborne.

2 comments, most recent 3 months ago

Medicare Part C - The “C” Is For Crap

By Dick ConoboyOn Nov 27, 2022

Part C is really for sh*t but that word does not start with a “C.”

2 comments, most recent 3 months ago

A Civilian Speaks To Veterans

By Dick ConoboyOn Nov 11, 2022

A must-read for anyone who knows a war veteran… and anyone who never met one.

10 comments, most recent 4 months ago

Sefzik Public Safety Forum - Anecdotes “Я” Us

By Dick ConoboyOn Oct 05, 2022

Monologues and anecdotes are not the essence of a forum.

4 comments, most recent 4 months ago

Grand Theft - Medicare

By Dick ConoboyOn Aug 21, 2022

Privatization of Medicare has moved into the state of Washington. Beware of the Dirty Dozen.

11 comments, most recent 7 months ago

CONFIDENTIAL. SECRET. TOP SECRET.  That’s it!

By Dick ConoboyOn Aug 13, 2022

There are no classifications beyond TOP SECRET. Stop the hyperbole.

11 comments, most recent 7 months ago

Medicare Advantage.  The Government Wants Your Comments.

By Dick ConoboyOn Aug 12, 2022

Now is your opportunity to tell this administration that the steal from Medicare has to stop. Medicare Advantage only “advantages” the corporations that run it.

15 comments, most recent 6 months ago

This Man Is Smiling Because ...

By Dick ConoboyOn Jul 30, 2022

Jeff Bezos is positioning himself to rob Medicare, but his grossly and ridiculously overvalued trillion-dollar-ass won’t go to jail for it.

2 comments, most recent 7 months ago

Draft Discussion Bill Created To Award Donut Dollies A Congressional Gold Medal

By Dick ConoboyOn Jul 21, 2022

After almost 50 years, Congress finally looks to recognize the Donut Dollies who served in Vietnam

Uncle Joe Has Targeted Medicare For Privatization. His Next Target? Your Social Security.

By Dick ConoboyOn Jul 09, 2022

The past actions of a presidential appointee are a good indicator of the direction in which the president wants to go.

9 comments, most recent 8 months ago

The 4th.  The Declaration.  Let’s Read It.

By Dick ConoboyOn Jul 02, 2022

How does our Declaration of Independence speak to us today?

13 comments, most recent 8 months ago

Bellingham City Club Presentation on Medicare Privatization

By Dick ConoboyOn Jun 10, 2022

Building awareness of proposed privatization efforts is extremely important. Don’t miss this valuable talk.

2 comments, most recent 8 months ago