Everybody points to the Bank of North Dakota as some savior of the economy, but what is never mentioned is the fact that this idea will NOT work in the states that overspend, like my original home state of California. California has some kind of addiction for spending every penny that comes in, and millions of pennies that don't. They would not be mature enough to handle a model like the bank of our state. The Bank of North Dakota works because we are by and large very responsible spenders in this state, from the legislature down to the individual North Dakotan. We didn't get sub-prime loans, and even if we had wanted one, the bank would not have given us the loan. Auto, mortgage, credit card default are all the lowest or one of the lowest in the nation. We don't, by and large, spend so much we cannot afford to keep up with the payments. A responsible spending state could make this work, but how many states in this country are responsible in their spending?