Citizens Against Government Waste awarded Democratic Sen. Elizabeth Warren “Porker of the Year,” for her “inane” suggestion that the financially struggling U.S. Postal Service should start acting as a bank.
CAGW, a non-profit dedicated to eliminating government waste, gives the award annually to the lawmaker, government official, or political candidate who has shown the most “blatant disregard” for taxpayers that year. Warren won over six other candidates with 34 percent of the vote in a public online poll.
She won the award because in 2014 she suggested the USPS fix its financial troubles by rebranding itself as a bank. If USPS offered basic bill paying, check cashing and small loans, it could make enough money to provide those services and shape up its finances.
It could “make a critical difference for millions of Americans who don’t have basic banking services because there are almost no banks or bank branches in their neighborhoods,” she wrote in an op-ed published by the Huffington Post.
The USPS has been on the Government Accountability Office’s annual High Risk List since 2009, because it “continues to face great uncertainty and risk related to its financial condition.”
CAGW said Warren’s suggestion showed “blatant disregard” for taxpayers, in a statement Thursday. “For her supremely inane idea to allow the USPS to take on financial services under its current flawed and bloated management structure in order to chase profits, while setting the stage for another enormous taxpayer bailout, Sen. Elizabeth Warren is CAGW’s 2014 Porker of the Year.”
Leading Porker in a Supporting Role went to Consumer Finance Protection Bureau Director Richard Cordray, with 29 percent. Honorable Porker awards went to Republican Sen. Lisa Murkowski, Republican Rep. Mike Rogers, Democratic Rep. Anna Eshoo, and former U.S. Chief Information Officer Steven VanRoekel.
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