Pushing the Envelope: The Looming Crisis at USPS (Part 2 of 3)

Pushing the Envelope: The Looming Crisis at USPS (Part 2 of 3) - House Oversight Committee - 2011-03-02 - House Committee on Oversight and Government Reform. Subcommittee on the Federal Workforce, Postal Service, and the District of Columbia. Witnesses Panel I: Patrick Donahoe, Postmaster General and CEO, U.S. Postal Service; Ruth Goldway, Chairman, Postal Regulatory Commission; Phil Herr, Director, Physical Infrastructure Issues, U.S. Government Accountability Office; Jacob Lew (declined), Director, U.S. Office of Management and Budget. Panel II: Jim Sampey, Executive Vice President and CEO, Valpak; Arthur Sackler, Coalition for a 21st Century Postal Service; Fredric Rolando, President, National Association of Letter Carriers.

Category:

Education

Tags:

• oversight.house.gov
• public.resource.org

[Redfingers]

A Republican Congress in 2006 required the Postal Office to prepay 75 years of health benefits in just 10 years....

forcing the Postal Office to pay $6 billion a year for 10 years

In other words, the GOP deliberately sabotaged the US Postal Office

[danielvincentkelley]

@wvtvshow

crooksandliarsDOTTcom/kenneth-­quinnell/assault-american-unio­ns-extends-p

[danielvincentkelley]

@wvtvshow Craziest thing is though, the Post Office is in actuality profitable. The only thing that has their books in a slump is Bush having signed into law a requirement for the post office to PREFUND 75 YEARS worth of retirement health benefits. Apparently this is a shameful assault on Unionism being perpetrated by these government actor clowns (see video).

[danielvincentkelley]

@MrNYCman530 The "crisis" was contrived.

crooksandliarsDOTTcom/kenneth-­quinnell/assault-american-unio­ns-extends-p

Basically that article says Bush and the Republican congress passed a law that required the post office to prefund 75 years of retirement health benefits within 10 years. If just that 1 law was struck down, the post office would have a profit on the books. PLUS no other business nor government agency suffers that same 75 years prefunded retirement healthcare requirement.

[danielvincentkelley]

Looming crisis!? The post office is turning a profit, apart from the RIDICULOUS Bush law circa 2006, which requires the post office to PREFUND 75 YEARS worth of retirement health benefits. JUST returning that money to the post office operation funding, puts the post office in a surplus status. Repeal that law which was OBVIOUSLY designed to CREATE a crisis at the Post Office to enforce the NeoNazism of the billioinaires who are attempting to destroy unions in America.

[wvtvshow]

WOW they keep on getting dumber and dumber. Why do thy say that the government cant run a business when the Government is a non profit. The question should be "can the government run a non-profit. The answer is yes.

[MrNYCman530]

Instead of making postal employees shoulder the burden of these cuts, why the hell are more postal executives being hired in headquarters in Washington, DC?