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originally posted by: Willtell
The GOP conservatives want to kill the post office.
WE NEED THE USPS
Before the law passed, the USPS was not in any debt. About 70 percent of its losses can be traced directly to PAEA, as the postal service works continually to deliver new gains in productivity, reports Esquire’s Jesse Lichtenstein in his must-read exposé of the war on letter carriers, “Do We Really Want to Live Without the Post Office?”
….but the budget crisis was created purposely in 2006 by TextPostal Accountability and Enhancement Act (PAEA), which mandated the funding of 75 years of pension obligations within 10 years. The same law prevents the service from raising tax rates to fund the pensions.
No business in the world could survive a mandate from the government to pay out $5 billion a year without the ability to raise its rates,” American Postal Workers Union President Cliff Guffey said on Ed Schultz’s radio show. “Anyone would go bankrupt