If We the People could be have a simple bank account at our Post Offices, this would solve a problem for millions upon millions of Americans. It would keep people away from the debt-trap clutches of the predatory payday lending industry.
In a country with a Constitution beginning with the words, "We the People," should our economy work for all of us instead of just a few of us?
We can continue to have a rigged system that enables and encourages predators to take advantage of the public, or we can offer public options that protect and provide services for the public.
We have millions of "unbanked" Americans. The U.S. Postal Service needs to expand its services. Postal banking is an idea whose time has come, and Bernie Sanders is highlighting his support.
Several groups are sounding the alarm about new nominees to the U.S. Postal Service Board of Governors. One is a notorious privatizer, another a payday lender lobbyist.
Reviving America's Postal Banking system would help millions of people now being exploited by the predatory Payday Lending and check-cashing services industry.