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View Diary: Bernie Sanders leads the fight to save the Postal Service (184 comments)

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  •  USPS Definitely Not Taxpayer Funded (8+ / 0-)

    The problem is that Cogressional Republicans under Bush decided to pick USPS's pocket with the pension prefunding requirement. Fix that and a few other things and we are good to go.

    LeftOfYou, USPS Employee

    Bumpersticker: GOP. Cheering Death. Booing Soldiers. Join Us.

    by LeftOfYou on Thu Feb 09, 2012 at 01:49:00 PM PST

    [ Parent ]

    •  USPS is $15 billion in the hole- blame Congress (4+ / 0-)

      and that is directly due to the congressionally imposed requirement that USPS prefund its pensions. As Senator Sanders points out, no government entity and no corporation is required to do this. The prefunding requirement is recent history. Reverse that 2006 law and the $15 billion deficit goes away. How can anyone justify singling the USPS out for special pension prefunding requirements when that law applies to absolutely no other entity?

      The Postal Accountability and Enhancement Act of 2006 (PAEA) (HR 6407), enacted on December 20, 2006, obligates the USPS to prefund 75-years' worth of future health care benefit payments to retirees within a ten-year time span — a requirement to which no other government organization is subject.

      The USPS has not directly received taxpayer-dollars since the early 1980s with the minor exception of subsidies for costs associated with the disabled and overseas voters. Revenue in the 2000s has been dropping sharply due to declining mail volume,[5] prompting the postal service to look to other sources of revenue while cutting costs to reduce its budget deficit.[6]

      USPS at Wikipedia

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