I can hear the Wahaaahaaahaaa all the way from the UPS and Fedex lobbyist
This is the result of Congress trying to micromanage a service. The USPS knows
exactly how to get out of debt, but because everything related to the USPS needs
to be approved by Congress, they arent allowed to do it. No one at the USPS
should be blamed for this, this falls squarely on the shoulders of each and
every member of Congress.
Government and debt has become synonymous. Time to modify benefits, and levels
Unfortunately, the USPS isn't able to modify the retirement benefits since
it was Congress that required that the USPS and only the USPS pre-pay for future
employee benefits. If the USPS was like other government agencies, it
wouldn't have to do this and would be turning a profit each year.It is congress that is holding back the USPS, not the USPS themselves. If
they are allowed to withdraw from the government retirement program, they would
instantly be profitable across the board and could actually hire more people to
help speed up delivery. Again though, congress is standing in the way.
The U.S. Postal Service should follow Wisconsin's lead and put limits on
their union worker's benefits ..... before they go bankrupt.