Elizabeth Warren's plan to allow the USPS to offer banking services is brilliant and practical

[UCmeNdc]

--which means Republicans will fight it tooth and nail.


Amid all of the Chris Christie stories and SOTU writeups, the Postal Service Inspector General released a report that has the potential to spark a needed and timely debate about banking, the US Postal Service, and people who need access to banking services.

Elizabeth Warren jumped right onto it, pointing out that it solves two problems.

The first problem is access to banking services by those who have no checking or savings account.


Snip...........

The second problem is the chronic budget shortfalls the USPS is bending under because of the unreasonable requirement that they fully fund all pension liabilities for the next 75 years -- a requirement no private business has to meet.


http://crooksandliars.com/2014/02/elizabeth-warren-backs-plan-save-usps-kill

[unblock]

1. seriously, i want to have her babies. she's absolutely brilliant.

[whistler162]

3. A old Republican idea......

http://www.postalmuseum.si.edu/museum/1d_postalsavings.html

[UCmeNdc]

5. Good then she can get easy passage and GOP support.

I doubt the Republicans ever thought of or will support this concept. But if they support it great!

[whistler162]

2. Very retro....

http://www.postalmuseum.si.edu/museum/1d_postalsavings.html

[zipplewrath]

6. My father had one of those

Worked quite well, especially for people with little savings and in small towns with few banks and branches.

Probably is a good idea again with the whole AMSCOT payday loan and check cashing services. It could give those who can marginally access banking services an easy way in. Just don't call it the "public option".

[father founding]

4. bald bankers

Wall street bankers must be tearing out their hair over this suggestion.

[libdem4life]

7. Sounds good to me.

[BoneDancer]

8. We need to recurit Warren for 2016. Hillary has too much political baggage.

The GOP is just going to offer another clown car, but Warren is a far better debater than Hillary and she doesn't pull her punches.

[CTyankee]

9. They have them in Italy. My guide in Rome told me about how his worked.

I'd never heard of such a thing before...