CCAGW Calls for Congress to Deliver on Postal Reform

CAGW | July 28, 2012 

In response to the United States Postal Service’s (USPS) announcement this month that it will default for the first time on its annual payment for future retiree health benefits, the Council for Citizens Against Government Waste (CCAGW) again slammed Congress for failing to enact a meaningful set of structural reforms that would improve USPS’s fiscal health.  The Postal Service, which lost $8.5 billion in fiscal year (FY) 2010, $5.1 billion in FY 2011, and $3.3 billion in the first quarter of FY 2012, is literally on the brink of financial ruin and, as with all of the nation’s fiscal problems, Congress is ignoring the crisis as it grows increasingly dire.  In a November 21, 2011 speech before the National Press Club, Postmaster General Patrick Donahoe pointed out that “roughly 25,000 out of our 32,000 post offices operate at a loss”; thousands of post offices have less than $20,000 in annual revenue yet cost more than $60,000 to operate; and many of these unprofitable locations are a few miles away from another post office.  However, Congress has refused to permit USPS to close any post offices, or to address the USPS deficit in a meaningful and timely way. “This financial meltdown at USPS is completely preventable,” declared CCAGW President Tom Schatz.  “Congress should adopt the boldest possible reform to avert yet another massive taxpayer bailout.”   Read more about Congress’ failure to address USPS reform.


Contributor's website: http://cagw.org
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