Postal Banking
This looks very promising. Anybody know a reason we shouldn't help move this forward? if not, then please share it with your networks! Otherwise, please comment here.
Sign the petition: Support Elizabeth Warren's plan to allow post offices to offer banking services
I just took action to urge Congress to support Senator Elizabeth Warren's proposal to create a public option for banking by allowing the United States Postal Service to offer financial...
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Christina Miller, Hedy Bookin-Weiner and John Devendorf like this.
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John Devendorf We'd have to make the USPS a humane place to work. How would we do that? (in the real world, I mean..)
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Catherine Cowart Brigden This is not an enumerated power of the government as listed in Article I, Section 8 of the US Constitution. -
Brandon WilliamsCraig It is totally understandable that government minimalists attempt to reduce the potential power of the feds by repeating "not an enumerated power." Historically, however, Congress and the Supes have broadly interpreted the provisions to allow for actual governance somewhere in between the All Government is Bad and Big Brother extremists. A publicly controlled United States Postal Service (USPS) is, in my opinion, essential to maintaining a free people. It must be possible to communicate and do that kind of business in a way that is underwritten by public funds not entirely subject to strategies driven by capital managers and stockholders entirely focused on Profit. Allowing post offices to expand their banking function (stamps ARE money) seems like a no-brainer in helping the institution to stay current/viable. There may be negatively consequential economic structures that then come into being, but my understanding is not sufficient to guess what these might be. Maybe Martha Olney knows...