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02Dec

Why Banking during the postoffice could possibly be a Better Option Than Payday Loans — and Wall Street

Why Banking during the postoffice could possibly be a Better Option Than Payday Loans — and Wall Street

Deficit hysteria

There is certainly rampant misunderstanding in connection with guidelines and accounting that could govern postal banking. Opponents declare that brand brand brand new economic solutions would economically tank USPS and afterwards produce an unsustainable financial burden when it comes to government that is federal.

However these issues don’t mount up. To begin with, the postoffice just isn’t straight funded by income tax profits. The Postal Reorganization Act of 1970 has legitimately forced USPS to be self-sufficient, to come up with its income from the services that are own whatever draconian cuts Congress has since imposed.