Even though these same indviduals proclaim themselves lovers of the Constitution and the Postal Service just happens to be the only governmental service actually mentioned in the Constitution. It was never intended to be a “for profit” entity, but a service the founders believed the government owed the people.
Well, to hell with that I guess:
…one of the Postal Service’s biggest problems has nothing to do with the mail. Its finances sank in fiscal year 2007, shortly after Congress passed the 2006 Postal Accountability and Enhancement Act. The act, among other things, required the Postal Service to start pre-funding the health benefits of future retirees 50 years in advance at a rate of about $5.6 billion a year. The year after the act was passed, Postal Service ledgers showed a loss of $5.1 billion.
Only the Defense Department is otherwise required to do this…and as we know, they are not required to operate at a profit, the more they spend the better, it appears.
There’s actually a bill to undo this unbelievably stupid law.
But don’t count on it, it is too good a fallacy to not be beaten by the Conservatives who made it that way.
Hey, Michele Bachmann is saying goodbye to Congress after this term
to spend more time with Marcus. What a legacy, right?