Bernie Sanders Plan: Turn Post Offices into Banks

[Toddsterpatriot]

Postal savings system - Wikipedia, the free encyclopedia

Some government postal banks have proven so profitable, they were bought by private interests. Germany, for example.

How profitable was ours?

The one that hasn't been implemented, Miss Cleo?

The one that existed between 1911 and 1967. Durr.

 

[emilynghiem]

Dear Toddsterpatriot
What's wrong with replacing welfare, public housing vouchers etc.
with loans that people have to have a plan for paying back in order to qualify?

That's how microcredit programs work that are successful:
they not only provide microloans but require business planning and mentorship to make sure the participants can pay back their loans before receiving more credit next time.

I agree with you that if we keep setting up govt programs the same way, of course they will fail. The taxpayers keep bailing out the losses so there is no motivation to stop the waste and corruption.

Clearly, Sanders would not propose more of the same.
Why not set it up to succeed not fail.

Why not make sure none of the same problems with
public housing, public schools, etc. happen here.

Perhaps there should be collateral on all loans.
Hold property as collateral, and start looking at the property
the govt seizes from racketeering and organized crime.
Why can't that be used to leverage investments and loans
off that capital, and start rewarding citizens for investing in
sustainable solutions that pay off in the long run. NOT MORE
of the same problems funding handout programs that keep
consuming more and more money with no plan or no end in sight.

Isn't the point of reform NOT to make the same mistakes over and over?

Why not set this up to FIX the problems, not repeat them. Duh!

 

[Toddsterpatriot]

Dear Toddsterpatriot
What's wrong with replacing welfare, public housing vouchers etc.
with loans that people have to have a plan for paying back in order to qualify?

That's how microcredit programs work that are successful:
they not only provide microloans but require business planning and mentorship to make sure the participants can pay back their loans before receiving more credit next time.

I agree with you that if we keep setting up govt programs the same way, of course they will fail. The taxpayers keep bailing out the losses so there is no motivation to stop the waste and corruption.

Clearly, Sanders would not propose more of the same.
Why not set it up to succeed not fail.

Why not make sure none of the same problems with
public housing, public schools, etc. happen here.

Perhaps there should be collateral on all loans.
Hold property as collateral, and start looking at the property
the govt seizes from racketeering and organized crime.
Why can't that be used to leverage investments and loans
off that capital, and start rewarding citizens for investing in
sustainable solutions that pay off in the long run. NOT MORE
of the same problems funding handout programs that keep
consuming more and more money with no plan or no end in sight.

Isn't the point of reform NOT to make the same mistakes over and over?

Why not set this up to FIX the problems, not repeat them. Duh!

What's wrong with replacing welfare, public housing vouchers etc.
with loans that people have to have a plan for paying back in order to qualify?

Those are great ideas. Poor people could deposit their money in a Post Office bank account.
Then the government could loan the money to other poor people with no jobs or housing.
The profits will roll in very quickly.

 

[francoHFW]

The Post Office already loses enough money. Why do you want to lose more with this stupid bank idea?

USPS reports $586 million net loss in Q3

Mainly due to GOP sabotage, well documented.

 

[bripat9643]

Bernie Sanders's Highly Sensible Plan to Turn Post Offices Into Banks

Another liberal Democrat friend of mine, who still plans to vote for Hillary,
pointed out this plan of Bernie Sanders to revamp Post Offices as Banks.

Bernie Sanders has a plan to reinvent the post office. Hillary Clinton should steal it.

I thought revamping the PO and VA would make good jobs for Veterans.
If any money is lost in the transition, it would go toward Vets anyway.
With the right people in charge, surely they could make one of these ideas work.

Bernie Sanders has a pretty revolutionary idea to change America’s post offices

Why not create jobs for Vets saving historic sites and businesses by turning them
into schools for on the job training in production and management. Why not revamp
the VA to provide sustainable health care through medical schools and internships, etc.

That has to be the dumbest idea I've ever heard by a presidential candidate. If Bernie gets the nomination, the Republican candidate will take every state.

 

[Arianrhod]

That has to be the dumbest idea I've ever heard by a presidential candidate.

Because -?

 

[bripat9643]

That has to be the dumbest idea I've ever heard by a presidential candidate.

Because -?

#1 How will the mail get delivered?

#2 The government does such a great job at managing its finances.

 

[LoneLaugher]

The Post Office already loses enough money. Why do you want to lose more with this stupid bank idea?

USPS reports $586 million net loss in Q3

Why? Please tell us why.

 

[LoneLaugher]

Post offices in many countries handle routine banking transactions. It makes perfect sense.

 

[BluesLegend]

With the governments track record on wasting money and gross incompetence the last place I'd deposit my money is in a government run bank.

 

[bripat9643]

With the governments track record on wasting money and gross incompetence the last place I'd deposit my money is in a government run bank.

Imagine if they ran it just like Social Security.

 

[Toddsterpatriot]

The Post Office already loses enough money. Why do you want to lose more with this stupid bank idea?

USPS reports $586 million net loss in Q3

Mainly due to GOP sabotage, well documented.

Yeah, if the Republicans left the Post Office alone, they'd be profitable. Durr.

 

[Arianrhod]

That has to be the dumbest idea I've ever heard by a presidential candidate.

Because -?

#1 How will the mail get delivered?

#2 The government does such a great job at managing its finances.

You thought the post office would stop delivering mail?

 

[bripat9643]

That has to be the dumbest idea I've ever heard by a presidential candidate.

Because -?

#1 How will the mail get delivered?

#2 The government does such a great job at managing its finances.

You thought the post office would stop delivering mail?

where would they keep it if Bernie turns all the Post Offices into banks?

 

[francoHFW]

The Post Office already loses enough money. Why do you want to lose more with this stupid bank idea?

USPS reports $586 million net loss in Q3

Mainly due to GOP sabotage, well documented.

Yeah, if the Republicans left the Post Office alone, they'd be profitable. Durr.

The Post Office already loses enough money. Why do you want to lose more with this stupid bank idea?

USPS reports $586 million net loss in Q3

Mainly due to GOP sabotage, well documented.

Yeah, if the Republicans left the Post Office alone, they'd be profitable. Durr.

Clueless as always...

More Details Emerge In Republican Assault On Post Office And Postal Unions

 

[Toddsterpatriot]

The Post Office already loses enough money. Why do you want to lose more with this stupid bank idea?

USPS reports $586 million net loss in Q3

Mainly due to GOP sabotage, well documented.

Yeah, if the Republicans left the Post Office alone, they'd be profitable. Durr.

The Post Office already loses enough money. Why do you want to lose more with this stupid bank idea?

USPS reports $586 million net loss in Q3

Mainly due to GOP sabotage, well documented.

Yeah, if the Republicans left the Post Office alone, they'd be profitable. Durr.

Clueless as always...

More Details Emerge In Republican Assault On Post Office And Postal Unions

2006 when it passed the Postal Accountability Enhancement Act (PAEA), which mandated that the Postal Service would have to fully fund retiree health benefits for future retirees.

Congress wanted the Post Office to fund promised benefits?
That's outrageous!!!!
I've never heard such a ridiculous idea. Durr.

Thanks, moron, you're always good for a chuckle.

 

[Arianrhod]

That has to be the dumbest idea I've ever heard by a presidential candidate.

Because -?

#1 How will the mail get delivered?

#2 The government does such a great job at managing its finances.

You thought the post office would stop delivering mail?

where would they keep it if Bernie turns all the Post Offices into banks?

In your garage.

Seriously, read the links in the OP and learn something.

 

[emilynghiem]

Dear Toddsterpatriot
What's wrong with replacing welfare, public housing vouchers etc.
with loans that people have to have a plan for paying back in order to qualify?

That's how microcredit programs work that are successful:
they not only provide microloans but require business planning and mentorship to make sure the participants can pay back their loans before receiving more credit next time.

I agree with you that if we keep setting up govt programs the same way, of course they will fail. The taxpayers keep bailing out the losses so there is no motivation to stop the waste and corruption.

Clearly, Sanders would not propose more of the same.
Why not set it up to succeed not fail.

Why not make sure none of the same problems with
public housing, public schools, etc. happen here.

Perhaps there should be collateral on all loans.
Hold property as collateral, and start looking at the property
the govt seizes from racketeering and organized crime.
Why can't that be used to leverage investments and loans
off that capital, and start rewarding citizens for investing in
sustainable solutions that pay off in the long run. NOT MORE
of the same problems funding handout programs that keep
consuming more and more money with no plan or no end in sight.

Isn't the point of reform NOT to make the same mistakes over and over?

Why not set this up to FIX the problems, not repeat them. Duh!

What's wrong with replacing welfare, public housing vouchers etc.
with loans that people have to have a plan for paying back in order to qualify?

Those are great ideas. Poor people could deposit their money in a Post Office bank account.
Then the government could loan the money to other poor people with no jobs or housing.
The profits will roll in very quickly.

Dear Toddsterpatriot
Under the RICO laws on racketeering and organized crime,
crime victims and communities especially trafficking victims can
claim property as restitution that was abused for trafficking drugs or people, especially if children were involved.

so if the taxpayers and crime victims who are owed restitution
for abuses against us ORGANIZE and CLAIM property against
these debts and damages from crime and corruption,
we COULD set up land trusts and bank against the value of
the property as COLLATERAL on financing and credit to develop
and rebuild our communities, school districts and cities.

This is how developers use money to make money.
Why can't poor people get mentoring help from more experienced
CEO's to set up endowments to fund nonprofits this way?

Sure beats depending on govt and charity handouts.
What if all nonprofits that serve the poor OWN their own
properties like a campus, so that they become self-sustaining
based on financially renewable income each month from
rentals and loans to teach people how to manage independently.

Why can't the same model used to make millions for investors
be used to make millions for nonprofits that teach the poor how
to get out of poverty and gradually learn ownership and management
so they move up the scale instead of staying stuck in poverty.

 

[emilynghiem]

That has to be the dumbest idea I've ever heard by a presidential candidate.

Because -?

#1 How will the mail get delivered?

#2 The government does such a great job at managing its finances.

Dear bripat9643 I would recommend delegating the duties around local post offices to teams of interns, vets, students, etc. who need job training.

The way campus mail works is once it hits the complex, there is internal mail service. So all communities can be better organized to handle the demand, while teaching job skills to students or vets on a sustainable basis

The point is to clean up the system by organizing it better per locale.
When you have a top heavy system, it get backlogged with bureaucracy.
If you localize it where it is more efficient, you can have the best of both localized management and collective management at the top without bogging one down or the other.

 

[emilynghiem]

Bernie Sanders's Highly Sensible Plan to Turn Post Offices Into Banks

Another liberal Democrat friend of mine, who still plans to vote for Hillary,
pointed out this plan of Bernie Sanders to revamp Post Offices as Banks.

Bernie Sanders has a plan to reinvent the post office. Hillary Clinton should steal it.

I thought revamping the PO and VA would make good jobs for Veterans.
If any money is lost in the transition, it would go toward Vets anyway.
With the right people in charge, surely they could make one of these ideas work.

Bernie Sanders has a pretty revolutionary idea to change America’s post offices

Why not create jobs for Vets saving historic sites and businesses by turning them
into schools for on the job training in production and management. Why not revamp
the VA to provide sustainable health care through medical schools and internships, etc.

That has to be the dumbest idea I've ever heard by a presidential candidate. If Bernie gets the nomination, the Republican candidate will take every state.

I think Trump could hook up with Sanders, and iron out how these ideas would work in real business practice.

There's got to be a way to make it work.
of course the ideas will change/evolve as they get implemented.

Why not have Carson work on revamping the prison and medical systems to redirect resources more effectively that taxpayers are already paying out the kazoo for. If Hillary is going to owe restitution for any wrongdoing, she can add that to the pool of resources invested in creating a sustainable system of health care that doesn't charge taxpayers any more than we are already paying for prisons and prosecution every time there is a case of crime or corruption.

And have Trump and Sanders work on economic cooperatives and restructuring of some of these programs to solve problems instead of creating more debts.

Palin, Cruz and others can work on setting up secure military bases, prisons, teaching hospitals, production factories along the border.

Why not put all our candidates to work, and ask them to prove on their resumes what they can do to show they are qualified for the job.