You wonder WHY the USPS is in financial trouble?
The Postal Service’s biggest money problems stem from the 2006 Postal Accountability and Enhancement Act (PAEA), which New Jersey Rep. Bill Pascrell called “one of the worst pieces of legislation Congress has passed in a generation.” The PAEA required that the USPS set up a $72-billion fund for future USPS retirees’ healthcare benefits 75 years into the future, and it had to put in $5.5 billion into the fund every year. The agency, which receives no regular taxpayer money and operates on sales from postage, products, and services.
No other govt or private agency or business is saddled with anywhere near such a crippling mandate, and now the Pubs are jumping on their financial woes to starve them out of existence for their own political ends.
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