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republicans have been on a warpath against the US Postal Service y Miley
for two reasons
it's a government organization and every governor is Asian except the military
must be destroyed
and just blown up to smother insecure tap of the Service Guide
damn government big-government where they do they deliver
mail to you anywhere in the country for 44
for concerts okay you don't you suppose Service Co pay 20 bucks a FedEx Corp a
20 bucks the UPS have added aus
do you want to send a simple letter to your grandma right no good no don't do
it
if you're a Republican criticize the post office the don't use 'em
pay 20 bucks is that if you want to be that stupid
that actually go court go full stupid in
is another word for that okay where they recommend you don't do that
from are interpol my movie references now
but one other ways that they've gone after the postal office
post office is that the they said oh you know what
you got up on your arm pension for 75 years
not yet understand something about the post they they actually don't get
government money
is an amazing this year government government but the actual don't get
government money than %uh funded by the government but they have
more all onerous rules are they have to fall regulations they have to follow
from the government the republicans took advantage of that this the one instance
when their favor
more regulation so they load up the post office with regulations that do applaud
anyone else they see normally your pension fund
could be fined up to ten years twenty-five years no for the post office
and only for them
there it has to be funded up to 75 years in advance
so that puts this new giant financial burden on the post office
right now and because that they might go bankrupt
that could it be that the republicans get campaign donations from competitors
the post office
like the other delivery services in mmm
could that be part of their agenda but either way there you mean to destroy
this thing so now here comes Elizabeth Warren
to save the date how she gonna do cat this is super interesting
honestly it's an idea I would not begin to had and and look i
I fancy myself an expert on this stuff and I think about all the time
could never occurred to me it's at fascinating idea
so she says why doesn't the post office get into the business
are providing loans to people who have checks but don't have bank accounts
like if you're the like most Americans you get a paycheck goes
maybe direct deposit into your account are you to check you go to your bank
deposit only get the money
but a lot of america's don't have access to a back they have to go
and do payday loans they give what their check is gonna be
I or the sometimes they give their check and get some less amount back
sometimes they borrow of a bed and i get charged it incredible amount of money
but let me tell you about that
so personal Americans without bank accounts spent on interest in peace in
2012
$18.9 billion dollars
that's not what they got that's just the interest in peace they had to pay on top
okay and that affects usually the poorest americans they're working to get
a paycheck
okay but they gotta pay next rate a nine billion dollars at the rich
in the middle class don't have to pay if they have bank accounts so
now let's go to another state its them out the payday loans with annual
interest rates
over a hundred percent celebrities are often
over a hundred percent their mother they take out a poor communities every year
3.4 billion dollars at the very least
well of course can you imagine if you charge two hundred percent
if you went you know wall street's charged it's less charmed by the Fed
when they
go to borrow money who way less than a percent less than one percent
can you imagine if the fact that I A which his arm on wall street. the topics
the country will now do
like you do a poor will charge you 100 percent hop pop pop pop
up bags with their heads towards what if you want to percent their heads would
explode
but for the poorest people who can afford it the least over 100 percent
okay
so they take 3.4 billion dollars out those communities now
and a very least average amount to customers pay to borrow 375 dollars
from payday loans 520 jobs
that you're not reading that wrong that's an unbelievable number
so the average customer pays five hundred twenty dollars
to borrow three hundred and seventy-five dollars
that's a crime and
that's a crime okay so
now I average amount and on bank household
people who don't have bank accounts spent to access money through payday
lending source
twenty four hundred dollars or 10 percent of their income
so that said extra 10 percent basically in taxes
the someone take somebody doesn't go to the government does go to your fire
department at your local teacher
or the cops or anyone that actually helps community just goes to a banker
10 percent your income boom payday take a so
here's an interesting idea she says the post offices are in these communities
that are on banked
they're everywhere and they can do this enigma and they don't have to charge a
hundred percent
they could charge a reasonable rate and actually would still make a lot of money
that way you help the community and you help the post office cassava
two more packs re in regards to that roughly six in 10 post offices
nationwide oren what USPS report calls
bank desert's zip codes with either one
40 break the bank branch's so they're going
giving people an option where they didn't have one before
either they had no options for banks or only one
which is in effect in that community a monopoly so they're providing a second
option
you still wanna pay 120 percent go unpaid but their post office going to
charge a helluva lot less
my guess is a lot of america's with them love the post office
right of course the republicans hey this plan
they couldn't hate it anymore because it helps the government to do a service
corps its citizens
with republicans despises an idea who is the whole point of the government
and it takes money away from the their beloved banks
who'd been robbing those communities you're in Europe
finally them out that the USPS would make
if businesses practice if the business did this business practice
and they did epically did make about nine billion dollars a year
so then they wouldn't have a knee issue with solvency at all
in fact that maybe they can bring down the stamp prices from border wars as a
zombie less
because they have plenty of money instead
like I said in the first that the bank's an interest in peace
forgetting $89 billion dollars can you imagine if we save
eighty billion dollars and the post office
now who can argue against this if you real point with the help Americans
if you actually were a representative of the people
I guarantee you nearly every republican if not every single one of them
will be against this and I guarantee you a lot of democrats will say well you
know I was with warm she's on the far left then
it's a radical idea to help the american people
could and and and not help our banker friends who all bankroll are
campaigns radical left-wing idea
the reality is it's a perfectly sensible idea it's a great idea would help the
american people
I hope they do it but Washington DC is usually where good ideas go to die