The U.S. Postal Service (USPS) is the nation’s second largest
civilian employer after Walmart. Although successfully self-funded
throughout its long history, it is currently struggling to stay afloat.
This is not, as sometimes asserted, because it has been made obsolete by
the Internet. In fact the post office has gotten more business from
Internet orders than it has lost to electronic email. What has pushed
the USPS into insolvency is an oppressive 2006 congressional mandate
that it prefund healthcare for its workers 75 years into the future. No
other entity, public or private, has the burden of funding multiple
generations of employees who have not yet even been born.
The Carper-Coburn bill (S. 1486) is the subject of congressional hearings this week. It threatens to make the situation worse, by eliminating Saturday mail service and door-to-door delivery and laying off more than 100,000 workers over several years.
The Postal Service Modernization Bills brought by Peter DeFazio and Bernie Sanders, on the other hand, would allow the post office to recapitalize itself by diversifying its range of services to meet unmet public needs.
http://www.truth-out.org/news/item/19017-what-we-could-do-with-a-postal-savings-bank-infrastructure-that-doesnt-cost-taxpayers-a-dime
The Carper-Coburn bill (S. 1486) is the subject of congressional hearings this week. It threatens to make the situation worse, by eliminating Saturday mail service and door-to-door delivery and laying off more than 100,000 workers over several years.
The Postal Service Modernization Bills brought by Peter DeFazio and Bernie Sanders, on the other hand, would allow the post office to recapitalize itself by diversifying its range of services to meet unmet public needs.
http://www.truth-out.org/news/item/19017-what-we-could-do-with-a-postal-savings-bank-infrastructure-that-doesnt-cost-taxpayers-a-dime
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