Ron Klein: “A balanced budget. Every one of our States at the end of the year, we all participated in a balanced budget, for 14…”

I thank you for your passion and your expression of what's going on in Minnesota. I think we're seeing that the same situation is going on in all 50 states. For those of us who lived during recessions before, some recessions were tied to…

I am a true believer, if you give somebody 5 years to do it, it will take 5 years. At the same time I realize from the experience we have had in Florida and many other States that have tried to move forward with building codes and other…

The way this is designed is that the loans are structured between the risk catastrophe fund and the Treasury under terms and conditions that are acceptable to the Treasury. Now, if there is a default under those terms and conditions, it's…

There is no money that under this program goes to the State. It goes to the participants of the risk catastrophe funds. Those are independent.