Anonymous wrote:
Anonymous wrote:No longer on a Saturday, thanks to USPS.
You mean, thanks to Republicans in Congress. And yeah, I know their funding is complex, but you guys need to own the consequences of your funding decisions.
Before you start placing blame, you might want to research what Congress Did. They actually helped to prevent the USPS from going bankrupt.Since 2009 congress was under Democratic control and 2011 was Republican control, neither party is to blame. The appropriation from Congress is .1 % of the USPS budget. ($100 Million of a $75 Billion operating budget)
The problem is less revenue, more expenses.
http://www.fas.org/sgp/crs/misc/R41024.pdf
Congress Alleviated the USPS’s Immediate
Financial Distress in FY2009 and FY2011
On September 30, 2009, the last day of FY2009, Congress alleviated the USPS’s cash shortage
when it enacted H.R. 2918, the Legislative Branch Appropriations Act [of] 2010. President
Barack Obama signed the bill into law the next day (P.L. 111-68). Section 164 of the law
provided the USPS with an immediate reduction of $4 billion in operating expenses by reducing
the USPS’s FY2009 payment to the Postal Retiree Health Benefits Fund from $5.4 billion to $1.4
billion. The legislation did not relieve the USPS of this $4 billion obligation; rather, it deferred
the USPS’s payment. Come FY2017, the $4 billion will be added to whatever remaining
outstanding health care obligation may exist, and amortized over a 40-year period.
In autumn 2011, Congress again aided the USPS. Congress delayed the due date of the FY2011
payment ($5.5 billion) to October 4, 2011 (P.L. 112-33, §124), November 18, 2011 (P.L. 112-36,
§124), to December 16, 2011 (P.L. 112-55, §101), and then August 1, 2012 (H.Rept. 112-331).
Issues for Congress
The USPS’s financial challenges raise difficult questions: Did the USPS simply suffer from a
“perfect storm” of high retiree health benefits payments and declining revenue? Or is the USPS,
as currently constituted, incapable of responding to a shifting, and possibly declining, market fo