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"College Kids" are nothing but Cannon Fodder to the Leftists - they will eventually work that out.
There is no "higher standard" -- it's pretty much been the same "standard" for most all of the "Bailouts" - which is exactly what the Bernie Plan for the Post Office is. GM, Education (including the Colleges via college loans), the VA disaster, Fannie/Freddie & the US Government itself (through the QE programs)
The "standard" in common for all of them is the Union Workforce. Sounds like the Economy is not your strong point. QE wasn't about "Wall Street" (Banks or the Stock Market) - it's main function was to Monetize the Government Debt (which is not allowed directly in our Constitution) and allow the Government to SPEND-SPEND-SPEND and double our Debt during the Obama Era. Quantitative Easing kept the entire Economy from imploding - those who had the money, ran to the Gold Mine (Stock Market), those that didn't got the shaft.
It's a LOT easier for Politicians and Low Information Voters to put all the blame for everything on "The Evil Banksters" ........ and of course on the Evil-Bush-Hitler-Cheney-GOP.
You say it had nothing to do with Wall Street and then note that the gold was in the Stock Market. Yes, it also helped allow the government to spend, spend, spend. Something BOTH parties gleefully participated in.
I have never blamed it all on Bush but it is interesting thats where you go. Right to defending the one who indeed play a substantial role in the whole mess.
certainly not when its getting multiple billion dollar bailouts every year for the last 10 years
The United States Postal Service has lost $51.7 billion between 2007 and 2014 and has not earned a profit since 2006,
Because Republicans (obviously) legislated in 2006 that the USPS had 10 years to prefund their retiree pensions 75 years into their future. No other business is running with a requirement that they have pension funds for employees not even born yet, but I guess DHL and FedEx fund the right Congressmen.
Because Republicans (obviously) legislated in 2006 that the USPS had 10 years to prefund their retiree pensions 75 years into their future. No other business is running with a requirement that they have pension funds for employees not even born yet, but I guess DHL and FedEx fund the right Congressmen.
The problem is less the 2006 law but rather the decades the Post Office was allowed to go without funding their obligations.
One idea of Bernie Sanders that hasn't gotten much airplay is postal banking--post offices running savings accounts, cashing checks and performing other basic financial services. It's a practice that is common in most of Asia and Europe. In fact, only about seven percent of the world's national postal systems don't offer some bank-like services.
The advantage of postal banking is that it allows people who don't have access to standard banking, which includes many low-income people, a way to cash checks and other banking transactions without the big fees they are forced to pay through check-cashing places or through payday lenders who charge outrageously high interest rates. Right now in the U.S. alone it's estimated that between 20 and 40 percent of the population relies on these kinds of services on a regular basis because banks don't offer these services for them.
Mehrsa Baradaran, a professor at the University of Georgia School of Law, talks about the promise of postal banking in his book, How the Other Half Banks.
At my local post office there is invariably a long and slow moving line. By contrast at my bank branch if there are more than two in line a mgr comes out to ask each customer what they need, in order to expedite transactions. When it's my turn, the teller is attentive to my every need. If I have a transaction that confuses me, she takes time to explain. The usps clerk by contrast is a leaden statue.
oM
One idea of Bernie Sanders that hasn't gotten much airplay is postal banking--post offices running savings accounts, cashing checks and performing other basic financial services. It's a practice that is common in most of Asia and Europe. In fact, only about seven percent of the world's national postal systems don't offer some bank-like services.
The advantage of postal banking is that it allows people who don't have access to standard banking, which includes many low-income people, a way to cash checks and other banking transactions without the big fees they are forced to pay through check-cashing places or through payday lenders who charge outrageously high interest rates. Right now in the U.S. alone it's estimated that between 20 and 40 percent of the population relies on these kinds of services on a regular basis because banks don't offer these services for them.
Because Republicans (obviously) legislated in 2006 that the USPS had 10 years to prefund their retiree pensions 75 years into their future. No other business is running with a requirement that they have pension funds for employees not even born yet, but I guess DHL and FedEx fund the right Congressmen.
uhm...better check you facts
the bill was co-sponsored by henry waxman (democrat) and passed the senate unanimously which means 48 democrats (including bernie sanders andhillary clinton) and one independent(lieberman) voted for it along with the 51 republicans
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