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IPFS News Link • Politics: Democratic Campaigns

Democrats Want The Post Office To Handle All Your Banking Needs

• https://www.zerohedge.com, by Mac Slavo

Socialist lawmakers including U.S. Senator Bernie Sanders and U.S. Representative Alexandria Ocasio-Cortez want Americans to be able to visit their local post office for their banking needs, according to a report by Fox News. Oh, the future looks so bright for this country, huh?

Sanders, an independent from Vermont, and Ocasio-Cortez, a New York Democrat (both tyrannical socialists), see "postal banking" as a potential solution for the estimated 32.6 million U.S. households that are "unbanked" or "underbanked," meaning they don't have a checking or savings account and often turn to services like check cashing or payday loans that can harm them financially in the long term. But most of the "underbanked" have chosen to do so and won't use the Post Office for banking even if leftists insisted.

The reasons most people choose not to use a bank would not be fixed by the Post Office, but amplified. The Post Office is hardly in a position to become a bank because they lose so much money. The only reason it even exists is that it's a government agency.  No business could operate like the Post Office and remain afloat.


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