Congress Mandated Postal Service Insolvency

Congress Mandated Postal Service Insolvency

It’s not email or political pressure to maintain inefficient low-volume post offices that’s put the U.S. Postal Service in a deep financial hole. In 2006, Congress “reformed” the Postal Service by requiring it to prepay all retirement costs for current employees, something no other agency or business has to do. This costs the USPO $5.5 billion a year and is responsible for most of the agency’s losses. “Congress created the problems, and it can fix them by taking away the requirement that no other government agency or business has to face,” says Rural Letter Carriers Association President Jeanette P. Dwyer.

More:

— “Amid Capitol Turmoil, Postal Crisis Drags On,” Ron Nixon, New York Times

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