Congress - not the internet or the recession - has ruined postal finances to the brink of causing postal closures, service slowdowns and inconvenience to customers.
A 2006 law mandates that the US Postal Service transfer $5.5 billion annuallyinto the federal budget, supposedly to "pre-fund" retiree health benefits for the next 75 years. Nearly 10% of the postal budget annually goes to a fund for future retirees, some of whom haven't even been born.
The House has failed to even consider bills that would undo the law that has drained close to $22 billion and nearly bankrupted the Post Office.
In addition, the US Postal Service is not allowed to touch over $10 billion in pension overfunding without the ok from Congress. The House, again, has failed to act.
A non-partisan journal, the Federal Times, editorialized: "The House's failure to act is disgraceful. Through their inaction, Speaker John Boehner, R-Ohio, and House Governmental Oversight Committee Chairman Darrell Issa, R-Calif., are demonstrating contempt for the Postal Service and a lack of respect for the law and for the obligation of their own institution."
We need to elect candidates who will support the USPS. Our next representatives can ask House leadership to schedule a vote to restore postal financial recovery and preserve service.