On April 6, 2022, President Biden signed the Postal Reform Act into law. Oddly enough, it is not one of the great achievements listed anywhere. It may be that the listers are waiting until Biden can boot out Postmaster General Louis DeJoy who is still protected by allies on the US Postal Service Board of Governors. Two allies of Mr. DeJoy were replaced in 2021, there are more to go.
The Postal Reform Act saved the US Postal Service (USPS) billions of dollars. $53 billion was saved by eliminating the poison pill that the Republicans enacted in 2006 that required the Service to pre-fund retiree benefits up to 75 years into the future. A move that was designed to destroy the Postal Service so that it could be replaced with a privatized Service. One that surely would not go to all the recipients mandated by the US Postal Service. In addition, the Act increased transparency, mandated a 6 day work week and allows for new products and services. Postal employees will now be integrated into the Medicare system in 2025 saving another $22 billion dollars for USPS and saving out-of-pocket expenses for postal retirees.
It saved the US Postal Service from committing Republican engineered suicide and although we wish Mr. DeJoy was booted out already, it will take a lot more to bankrupt the Service and we can enjoy it for a long time.
Dejoy’s response was to increase postage rates in another attempt to destroy the government agency. Can’t wait to see him sail. How patriotic is that, Republicans?