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View Diary: USPS is OK: stop the rethug wreckers (63 comments)

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  •  I understand what you are saying (2+ / 0-)
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    VClib, patbahn

    and BTW most people will actually take offense if you say in a comment "Do you have any idea how ignorant that makes you sound of the situation?"  But I appreciate the apology.

    As for your suggestions:

    1)  Repeal the 2006 law.  I may support that but I don't know the rationale behind implementing the law in the first place.  If the USPS was planning on relying on the government to pay for the retirement benefits in the future, then I can understand the desire to require pre-funding.  Now, that may or may not be part of the rationale.  I just don't know.  But would you repeal the law if it specifically stated that under no circumstances would the federal government pay for the retirement benefits of the USPS employees?

    2)  Have an audit.  The results for FY11 were released in April 2012 and so I'm guessing that you will have a comprehensive audited financial report detailing the losses due to operations and those due to the pre-funding requirement in about a month.  But you have been provided  links from either Reuters or CNN that list the USPS deficit at about $16 billion and they both clearly state that only a portion of the deficit is due to pre-funding retirements (although the exact amount is not clear).

    3) Expand hours and hire more workers.  This I simply don't understand.  It would only increase the losses.  Are there actually lines at the Post Office right before closing?  Are those people actually turned away?  There would seem not to be any evidence to support this conclusion but I'm open to new sources of data.

    Anyway, it's tiring arguing over the USPS in purely ideological terms.  For those that understand how much demand has been destroyed by modern technology, that understand that this is leading to substantial operating deficits that are likely to only get worse as volumes decline further, and that want to address the long term solvency of the USPS then it is imperative to take a good hard look at the data and determine how to make it a sustainable operation.

    Cutting Saturday is the least worst place to start and that is why the USPS proposed it.  But that is not nearly sufficient to make it balance it's books in either the short, medium or long run.

    We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

    by theotherside on Mon Mar 18, 2013 at 09:55:58 AM PDT

    [ Parent ]

    •  pre-funding (2+ / 0-)
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      Tool, Dark UltraValia

      75 years of future pensions in five years is the key. I know of no enterprise, public or private, with this kind of budgetary mandate.

      Do you? Examples?

      This was a feature, not a bug, of the Bush Regime to destroy the public postal service and turn over the mail to the tender mercies of the marketplace; FedEx, DHL etc.

      You cool with that?

      Wurster is, obviously.

      The "extreme wing" of the Democratic Party is the wing that is hell-bent on protecting the banks and credit card companies. ~ Kos

      by ozsea1 on Mon Mar 18, 2013 at 12:16:04 PM PDT

      [ Parent ]

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