The Congressional action required to fix the service is exceedingly simple — all it has to do is fix a problem entirely of its own making. The Postal Accountability and Enhancement Act of 2006 requires the USPS to “prefund” retirement benefits for 75 years, something that a) is not required of any other federal agency or private corporation and b) forces the USPS to set aside vast quantities of money.
Without this mandate, the USPS would be self-sustaining.
Postal Service Posts Record Losses, Is On The Verge Of Congress-Induced Bankruptcy | ThinkProgress
The GOP plan to kill the USPS to privatize it is almost complete.
(via spytap)
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