That’ll be the roach motel for savings.
Post offices in many other countries offer banking services.
Particularly in Europe. Which is no doubt why Liberals like the idea.
Unfortunately, Woodrow Wilson won that election and morphed the plan into the Federal Reserve and the Income Tax. There are scores of podunk little towns which cannot support a post office but could support a post office and a postal bank. Since it seems impossible to close post offices or downsize postal workers, giving them more work might be a viable option.
In return, they would have to agree to more competition such as working weekends and evening hours and dropping their opposition to letting private non-union entities open postal operations such as is currently done on a limited basis in the Staples stores.
The US Post Office has been involved in such activities before (namely, the US Postal Savings System).
If all emails were required to have a valid digital cert then those same certs could be revoked if a certain number of complaints were received against it. So, by purchasing digital certs virtually all SPAM would be eliminated (who wouldn't pay for that?!)
In most states I can CCW into financial institutions. I can’t into a post office. I will not be doing monetary activities where I cannot protect and insure my own safety.
To be fair to the Post Office it is the only part of the Federal government that is required by law to fully fund all of its future health care obligations for retirees...even for postal workers who haven’t even been hired yet.
It’s required under the Postal Accountability and Enhancement Act of 2006.
Prior to this law the USPS paid their health care obligations annually just like any other agency or business does.
I’m old enough to remember that the Post Office used to have a savings account system. [I was one of the patrons.] As I recall, they paid a magnificent 2% interest on their deposits. They stopped offering this service in the mid to late 1940’s.
PO clerk: “Yes sir. Can I help you?”
Citizen: “Yes. I made a deposit at the counter here last week and it hasn’t shown up in my account yet.”
“OK sir. Do you have a receipt for the deposit?”
“The clerk was going to email it to me but I never received it.”
“Well sir, without a receipt, it will be hard to track the deposit. Was it cash or check?”
“It was cash. The clerk said his system said the email went thru. I just never received it.”
“Well sir, the only thing I can suggest is that you fill out this 10 page form, in triplicate, give it to me, and give us 30 days to track it down.”
“Thirty days?! I have to make a house payment. I can’t make it without that deposit.”
“But sir, there really is nothing I can do about that. Will there be anything else? It’s my break time. Would you like some stamps before I go?”
They better get a fleet of armored cars for mail delivery.