Credo Action is asking us to sign a petition. See their request at The post office isn’t broke — it’s being robbed.
The United States Postal Service has just announced that due to budget shortfalls, mail will no longer be delivered on Saturdays starting in August.
It’s true the post office faces financial challenges. But the financial problems are in large part a direct result of an onerous and ill-considered 2006 law called the “Postal Accountability and Enhancement Act” (PAEA) that mandates pre-funding the postal service retiree health care and pension benefits for 75 years — something that no other government agency or private company is forced to do.
The vast majority — 85% — of the budget red ink comes from this pre-funding mandate despite the fact that, according to the post office Inspector General, the pension is over-funded and reserves for retiree health care are far higher than the federal government as a whole, the military and almost all Fortune 1000 companies.
I saw the news report by Scott Pelley on the CBS Evening News on Friday. He went through a litany of reasons for the US Postal Service’s deficit, but did not mention the reason that is behind 85% of the deficit. I wanted to scream or throw something at the TV. Who has got so much power over CBS Evening News that they could get CBS Evening News to suppress this information?
It’s not like I haven’t been blogging about this subject for over a year.
I thank JaneS for forwarding the email about the Credo Action petition.