Daily Archives: June 16, 2004

Online Banking

There was a brief mention on Marketplace today of the increasing numbers of folks using various online banking services. I frequently check my account balances and move funds between accounts. It is very handy.
There are some things I do not do. For instance, I do not use the online bill payer service. Sure, it is very easy to use. Certainly much easier then the telephone based bill paying service that I tried out 20 years ago and much easier than a version on online bill paying I tried 10 or so years ago.
The reason I do not use it is simple. It is not as reliable and timely at getting my payment posted to the account of my creditor as putting a check in the mail. That is to say that the banks, at least my bank, are not making use of the technology at hand to provide the service. It should be trivial to mail the check or, best, post to my creditor’s account within one day.
My bank offers approximately 4-5 day service which includes the possibility that they won’t even mail a check for 4-5 days. Until they fix this I’ll keep buying stamps.

Campaign Finance

James Joyner in commenting on this request that Kerry resign his senate seat says:

Candidates running for higher office while still holding their current one always face this problem, although Kerry does seem to be carrying the absentee bit further than most. His Senate salary, while modest in the context of the Heinz fortune, amounts to an undeclared taxpayer donation to his campaign since he has essentially been paid to run for president. My preference would be for all candidates seeking election to an office other than the one they currently hold to do so as private citizens.
This “undeclared taxpayer donation” is a true pittance compared to the much more egregious undeclared taxpayer donation to the bush campaign. I suspect that a single Air Force One campaign trip would pay kerry’s salary many time over.
Fairness suggests that both candidates should clearly account for time at work and at campaign and repay the taxpayer out of their campaign funds. This should be the practice for all office holders running for a higher office.
If the president is mixing state business (real or alleged) and campaig activities on the same trip he should not get to charge it all to the taxpayers.
Update (6/17): Sorry, I left off the link to James’ post.