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June 6, 2018

Title: USPS as a Bank – Yay or Nay?
Topic: Bank of the United States Postal Service

Discussed by Tom Schatz
with Citizens Against Government Waste  (www.cagw.org)

Sen. Kirsten Gillibrand (D-N.Y.) is the Porker of the Month for her proposal to push the financially incompetent United States Postal Service (USPS) into the banking business.

Here with all the details is Tom Schatz, President of Citizens Against Government Waste.

Questions/Issues Discussed:

What is the purpose of CAGW’s “Porker of the Month” and “Porker of the Year”?

Why was Sen. Kirsten illibrand chosen this month?

SShould a government entity like the USPS be allowed to lend money to the private sector?

Tom Schatz makes this observation: “They’re going to make mistakes because it’s not their business to be in this business.”

Do Americans have a “spending problem”? Listen as Terry reads some shocking statistics and Tom responds…

Would a loan from the USPS be considered “high risk”? Isn’t the USPS already a sinking ship? Won’t this make their business worse?

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