Terrible Idea: Elizabeth Warren Proposes Replacing Payday Lenders With The USPS

By
February 3, 2014

For starters, this is little more than an antiquated agency straining for future relevance. It was never intended to be a financial agency. It should be shrinking, not looking for ways to grow.

Yes, just what we need to do. Put more taxpayer dollars into the hands of people who won’t manage them responsibly. And given that many are poor, it will end up as little more than another entitlement.

This nonsense should be DOA. If you ever doubted Warren is a leftist idiot, this is all the proof one needs.

The Postal Service (USPS) could spare the most economically vulnerable Americans from dealing with predatory financial companies under a proposal endorsed over the weekend by Sen. Elizabeth Warren (D-MA).

via Elizabeth Warren Proposes



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Comments:
  1. Ragspierre says:

    “If you ever doubted Warren is a leftist idiot…”

    Redundant, Dan.

    But, yeah, this is a typically moronic Collectivist idea.

    One I bet the Post Master General would warmly HATE, along with postal workers’ unions.

    Pay-day lenders get robbed. A lot.

  2. Not Likely says:

    I notice that Mr. Riehl can’t be bothered to state why it’s a terrible idea. But who are we kidding, that would require a thought process.

  3. Ragspierre says:

    “The non-partisan group’s report found that the healthcare law’s negative effects on the economy will be ‘substantially larger’ than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected.”
    —TheHill

    Speaking of terrible ideas…

  4. Ragspierre says:

    UPDATE: This must have been painful for Chuck Todd to write: “CBO essentially reaffirms GOP talking points on health care. Says it will cost jobs, feel as if it raises taxes and contributes to deficit.”
    —InstaPundit

    See…???

    We told you, Collectivist liars.