The Country Is Moving Left

It might not seem so in the middle of a day’s news cycle, especially with that news always being about Donald Trump, but 2015 marked a year of change in a progressive direction. And the country is solidly behind this move.

Progressive Victories In 2015

The country is moving in a progressive direction. In November, OurFuture.org’s Terrance Heath wrote in Progressive Victories from Maine to Washington Inspire Hope,

Off-year elections are almost never good for progressives, and 2015 is no exception. But this off-year election held some surprising victories for progressives in Maine, Ohio, Washington and elsewhere that could lay the foundation for more victories to come.

Continue reading

Lack Of Public Options Shows How The Economy Gets Rigged Against Us

In a country with a Constitution beginning with the words, “We the People,” should our economy work for all of us instead of just a few of us? You would think it should work for We the People, but example after example shows how it is actually rigged to work for only a few people.

Postal Banking

Last week, in “Citizens Deliver 150K Petitions Demanding Postal Banking,” made the point: “We can continue to have a rigged system that enables and encourages predators to take advantage of the public, or we can offer public options that protect and provide services for the public.”

Here is a new video of the speakers at the Postal Banking petition delivery:

[fve]https://youtu.be/zAwC3VyWGH4[/fve]

Nearly 28 percent of U.S. households (54 percent of African-American households) are forced to turn to payday lenders, check-cashers and other financial predators, because they can’t get accounts at private banks. Postal banking — having the post office offer simple savings accounts, bill paying, debit card and ATM services and small loans — would provide low-cost financial services through the nation’s 30,000 U.S. Post Offices.

Every other developed country has a postal banking option to serve their people. We do not. Because we do not, if Americans can’t get a bank account they are forced to rely on predatory services. That rigs the financial services game against We the People.

Health Care

If you need to see a doctor in England you just do, and you don’t have to pay to do it. Almost every other developed country provides health care to serve their people. We do not. We are instead on our own — forced to purchase private insurance with its high deductibles and co-pays.

We are banned by law from buying into Medicare until we are 65 — and Republicans are trying to get rid of that by turning Medicare into a limited voucher to buy private scam insurance. That rigs the health care game against We the People.

Telecommunications

How about our internet service? Did you know that municipalities — or the Post Office — could offer us “public option” high-speed internet at a very low cost? (In many countries their Post Office offers internet and phone options to the people.) But by and large we don’t get a public option. Instead we have to rely on telecommunications monopolies who deliver slow broadband speeds and make us pay whatever they say we have to pay. (And don’t forget the fees!) This rigs the internet/telecommunications game against We the People.

Public Options Forbidden

We have been through decades of “privatization” – turning public services over to private enterprise. They lay off the well-paid, unionized public employees and hire people at minimum wage. This cuts the tax base, hits local businesses, and forces foreclosures. On top of that, minimum-age employees require public services like food stamps just to get by.

The privatizers justify that by saying that private businesses always do everything better than government. But if We the People decide that we want to provide ourselves with a public option for a service, this is banned because it would be “unfair competition” with the private sector.

Why would it be unfair competition? Because government offers economy of scale, public oversight of operations, transparency, higher standards, good service, and most of all doesn’t have to push all the gains to a few people at the top. This last is, by the way, the real reason for privatization — to push all the gains to a few people at the top.

Our government is meant to serve We the People, instead of just some people. When We the People are not allowed to offer each other public options, it rigs the economy against us and in favor of an already-wealthy few.

——-

This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF. Sign up here for the CAF daily summary and/or for the Progress Breakfast.

Citizens Deliver 150K Petitions Demanding Postal Banking

“The United States has two separate banking systems today – one serving the well-to-do and another exploiting everyone else,” – Prof. Mehrsa Baradaran, author of How the Other Half Banks.

“Car title loan for $1200.00. $300 a month interest. They are killing me and no way to pay back the loan. I dont know what to do! Can you help?” – Marta, IN

We can continue to have a rigged system that enables and encourages predators to take advantage of the public, or we can offer public options that protect and provide services for the public.

Wednesday the Campaign for Postal Banking, Campaign for America’s Future and dozens of other national consumer, labor, and civic organizations delivered petitions signed by more than 150,000 Americans, asking the USPS Postmaster General to implement Postal Banking. Postal Banking would provide low-cost financial services through the nation’s 30,000 U.S. Post Offices.

CAF’s Roger Hickey spoke at the event, saying,

“I’m here to call attention to all the groups you haven’t heard from today.

The idea of Postal Banking is so simple, so innovative — that when people hear about it, they say Yes!!!. Why not?

Despite attempts in Congress to sabotage the Postal Service, Post Offices are still everywhere in America

… postal banking would be a god-send in communities where banks are leaving – and where “Payday loan” and “car title” loan predators suck the financial blood out of the working poor.

…the bankers, and the payday loan ripoff artists — and the conservative enemies of the Postal Service had better get out of the way.”

CAF’s Roger Hickey at the petition-delivery event.

Why Postal Banking?

While every other developed country has Postal Banking to serve their people, America’s rigged, Wall Street-dominated system gives great banking services to people with money but squat to those who do not. As a result of this rigged system, nearly 28 percent of U.S. households are forced to turn to payday lenders, check-cashers and other financial predators. They end up having to spend an average of 10 percent of their income on fees and services.

If this reminds people of the way the US health care system only offers predatory insurance companies with no “public option”, there’s a reason. The US Postal Service (USPS) could provide an affordable, high quality “public-option” alternative right now. But in our rigged system, it doesn’t. Postal Banking is a non-profit banking “public option” that would both serve Americans who need this service — and help preserve the USPS at a time when it is under attack by the same privatizers who have rigged the rest of our system against us.

It would be simple for the USPS to set up Postal Banking. The USPS offered savings deposit accounts until 1967. It still offers money orders and international wire transfers. They have the authority to expand this. Adding savings accounts, bill paying, ATM services and other services would be easy. And this is why Wall Street is fighting to keep it from doing so.

A May 15 report from the USPS Inspector General David Williams said, “Offering expanded financial services would help the Postal Service improve the lives of millions of Americans as it fulfills its universal service obligation.”

“The sad part is that the people who go to loan stores can’t get a loan from the bank because, they either have bad or no credit to get approved. The loan stores take advantage of this and make a bad situation worse. It is completely unethical and a sad picture of the way humanity is on a downward spiral.” – Heather, WI

“I am caught in the payday loans cycle… I cannot afford to pay them off so I have to continue borrowing month after month and it is draining me.” – Toni, KS

See also:

The Campaign for Postal Banking website

This Postal Banking Petition Is Important

Sanders Pushes Postal Banking

Postal Workers And The Public Want A Postal Banking Public Option

A “Grand Alliance” To Save Our Public Postal Service

Why We Need Postal Banking: Statements from Leaders

The Need for Postal Banking: Personal Stories

How The Clinton and Sanders Infrastructure Plans Measure Up

“Investing in infrastructure makes our economy more productive and competitive across the board.”
– Hillary Clinton

Democratic presidential candidate Hillary Clinton has announced a plan for infrastructure investment. How does her plan stack up against that of her chief competitor, Bernie Sanders?

Also, how will Clinton and Sanders pay for their plans? On that question, Sen. Elizabeth Warren (D-Mass.) recently came up with a set of principles we can use to judge this.

Clinton’s Infrastructure Plan

Clinton on Monday announced a plan for investing in infrastructure improvements. Meteor Blades laid out the need for infrastructure investment at Daily Kos in “Clinton proposes $275 billion spending for infrastructure“:

… 11 percent of the nation’s bridges are structurally deficient and a fourth of them are functionally obsolete. Similar deficiencies can be found in schools, dams, levees, railroads, the electrical grid, and wastewater facilities. In its 2013 quadrennial report card on U.S. infrastructure, the American Society of Civil Engineers said the nation would need to invest an additional $1.6 trillion by 2020 to put its infrastructure into good repair. And that doesn’t include innovative infrastructure like universal broadband.

Continue reading

Warren Draws Contrast: Give Social Security Recipients A CEO-Sized Raise

CEOs got an average 3.9 percent pay increase last year. This increase is subsidized by taxpayers because corporations can deduct it as an expense.

Meanwhile, America’s struggling seniors will receive no cost-of-living allowance (COLA) increase next year because the COLA doesn’t take into account the things seniors need to buy. If only there were some way to make an adjustment that fixes this discrepancy…

The SAVE Benefits Act

Sen. Elizabeth Warren (D-Mass.) introduced the Seniors and Veterans Emergency Benefits Act (SAVE Benefits Act). If passed, the act would provide a one-time 3.9 percent ($580 on average) payment for Social Security recipients, disabled veterans and SSI recipients in 2016. This week, Rep. Alan Grayson (D-Fla.) introduced a companion bill in the House.

Continue reading

Sanders’ Socialism Speech: America Is For All Of Us, Not Just Wealthy

“I don’t believe in some foreign “ism”, but I believe deeply in American idealism.”
– Senator Bernie Sanders

Sen. Bernie Sanders billed his talk Thursday at Georgetown University as a speech on “democratic socialism,” but it was immediately clear that what Sanders was really talking about were not the ideologies of a Cold War adversary but deeply American traditions of fairness that have been under attack by ideologues brandishing American flags.

Sanders anchored his speech as building on President Franklin D. Roosevelt’s 1944 “Second Bill of Rights” address. “Real freedom must include economic security.” he said. “That was Roosevelt’s vision 70 years ago. It is my vision today. It is a vision that we have not yet achieved. It is time that we did.”

Continue reading

Sanders Pushes Postal Banking

Senator and presidential candidate Bernie Sanders has once again added his voice to a growing movement to bring banking to the United States Postal Service (USPS).

“I want to see our post office be reinvigorated,” Sanders said in a Fusion interview this week with Felix Salmon, and postal banking is “one of the ways that I think we can help not only the U.S. Postal Service, but help a lot of low-income people.”

Situation: Exploitation

Millions of Americans are “unbanked,” meaning they do not have (and cannot get) bank accounts for one reason or another. This means they cannot easily cash checks, pay bills, save a bit of money, get a small loan in an emergency and other simple and basic banking services. This leaves them vulnerable in the predatory path of payday lenders and check cashing services, where exploitative fees and incredibly high interests rates eat them alive and leave them poorer than ever.

Continue reading

Run For Congress As A Democratic Socialist

Bernie Sanders is going to give a big speech on Democratic Socialism.

I think this presents an opportunity for people to run for Congress in Democratic primaries — or as the ONLY Democrat is some districts — as Democratic Socialists. I’m looking at how to register to run in my district.

You might not win but I think it makes sense to make the case for — and get people thinking about — taxing the rich, corporations and Wall Street transactions and using the money to provide:
● Increases in Social Security
● Medicare-for-All
● Free higher education with a stipend while attending
● Low-cost child care
● Help elderly stay in homes and low-cost nursing home care
● Modern mass transit, high-speed rail, etc.
● Well-maintained modern infrastructure (and associated jobs)
● A huge push to solar, wind and other alternative energy, with a weatherization program (and associated jobs)
(The “associated jobs’ thingy is part of a full-employment program.)

Think of other things that We the People can do together to make our lives better — also known as democratic government for the people.

Bernie Sanders Describes Socialism

Here is Bernie describing “socialism”

Free college, free nursing homes, free child care, free health care, 5-6 weeks vacation, fewer working hours, good pensions, great transportation, cleaner environment, other things. They also have low govt debt compared to countries that are run to channel $$ to the corporations and billionaires.

This is what happens when a government is run for its people — “socialism” — instead of a few wealthy people — “capitalism”.

Bernie Sanders Proposes To Boost Worker-Ownership Of Companies

Businesses are run for a profit that goes into the pockets of the business’ “investors.” To be an investor requires that you have money. This is a rigged system that by definition channels the returns and gains of our economy to the people who have money in the first place.

That system forces a terrible business model: investors try to squeeze money out of businesses as fast as they can. Then they move on. People who put the money in have even more money, but leave behind them a trail of squeezed-out ruin. This squeezing of the business involves squeezing the workers, squeezing the product, squeezing the customers and squeezing the government out of any taxes that might be owed.

This is bad for America’s long-term economy, people, environment and — since it brings about intense concentration of wealth — bad for our democracy, too. But hey, it’s great for a few already-wealthy people at the top.

Continue reading