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Is the Post Office in crisis?

A:

THE CRISIS IS MANUFACTURED  

The U. S. Postal Service is restricted from activities that would make it self-sustaining.

  • The Postal Services’ red ink flows from Congress’ rule that the USPS must fund future retiree health benefits 75 years into the future (employees not born yet) for $5.5 billion a year.
  • For forty years Federal Personnel Management overcharged USPS $50 to $70 billion in its pension account.  Although this was revealed in 2002, the money has not been returned.
  • The law requires the Postal Service to “break even”; a constraint not required of FBI, CDC, FDA, State Department, FEMA, and Park Services, the Armed Forces or any other agency. 
  • It is mandatory that the USPS serve all areas of the country (not required of FedEx and UPS).
  • The USPS is not allowed to provide services that compete with private businesses.
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commented 2013-11-24 09:36:35 -0800 · Flag
Thank you