By Institute for Public Accuracy
Reuters reported this week that President Obama has endorsed a plan to â€œrescueâ€ the Postal Service, including by reducing service one day a week.
Bloomberg reports: â€œA measure that may put the U.S. Postal Service under a control board, end to-the-door mail delivery and close post offices using the same process as military-base
shutdowns was approved by a U.S.House panel. The bill, sponsored by Representatives Darrell Issa, a California Republican, and Dennis Ross, a Florida Republican, was approved today with Republican support and Democratic opposition.â€
RALPH NADER, via Jeff Musto, (info at csrl.org), inÂ a letter to Sen. Joseph Lieberman and Rep. Darrell Issa, Nader writes: â€œThe deep hole of debt that is currently facing the U.S. Postal Service is entirely due to the burdensome prepayments for future retiree health care benefits imposed by Congress in the Postal Accountability and Enhancement Act of 2006. By June 2011, the USPS saw a total net deficit of $19.5 billion â€¦ [this] deficit almost exactly matches the $20.95 billion the USPS made in prepayments to the fund for future retiree health care benefits by June 2011. If the prepayments required under PAEA were never enacted into law, the USPS would not have a net deficiency of nearly $20 billion, but instead be in the black by at least $1.5 billion.â€ Nader stresses that, in terms of retireesâ€™ health benefits, the Postal Service is required to do things that â€œno other government or private corporation is required to do and is an incredibly unreasonable burden.â€
Nader wrote the forward to the book Preserving the Peopleâ€™s Post Office
PDFÂ of Naderâ€™s full letter. Î¦
The IPA has provided increased media coverage to grassroots and progressive organizations at no charge since 1997, to promote human rights, environmental issues and economic justice. The organization was founded by Norman Solomon and funded by theÂ Public Interest Pioneer grant from the Stern Family Fund.