Postal Service Plans Absent From 2020 Platforms
R Street Institute policy Vice President Kevin Kosar concurred. I dont think anybody alive has experienced any real disruption in service, he said, noting that USPS keeps chugging along despite repeated predictions of its fiscal doom. People just think Oh, it wont be a problem for five years.
Sanders, Warren, and Yang all detail plans to allow post offices to offer basic banking services like check cashing and savings accounts, which would serve as a new revenue stream for the agency and, as Kosar pointed out, accomplish the dual progressive goals of saving union jobs and expanding banking to underserved communities.
Legislatively, the candidates hands are a bit more tied, given the difficulty in passing postal legislation. Kosar said one that could stand a chance is allowing USPS to invest its pension fund in the market instead of solely in low-interest Treasury bonds.