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"In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service. The Postal Accountability and Enhancement Act (PAEA) required the U

"In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service. The Postal Accountability and Enhancement Act (PAEA) required the USPS to create a $72 billion fund to pay for the cost of its post-retirement health care costs, 75 years into the future. This burden applies to no other federal agency or private corporation." This is the anchor that is killing the post office.

supernova87a 6y ago
I have heard that, and I don't know the full detail. But I'm sure it was used as a political pawn to ensure that pension costs wouldn't fall on taxpayers later like other agencies, and that USPS wouldn't be able to expand and incur costs / hire people willy-nilly like it otherwise would. What we need is for some leaders to figure out what they want the USPS to be. And fund it that way.
- noknownsender 6y ago
  "I don't know anything about this, but I assume that the truth aligns with my personal beliefs" Cool.
- gowld 6y ago
  Leaders did figure out what they wanted it to be. They wanted it disbanded and replaced by private companies. It's not a secret; it's the libertarian conservative theory of government.
pizza 6y ago
> Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that was due to prefunding retiree benefits. > Columnist Dan Casey wrote in a July 2014 op-ed in The Roanoke Times that the PAEA is "one of the most insane laws Congress ever enacted". Bill Pascrell, a Democratic House member from New Jersey, said in 2019 that it was rushed through Congress without due consideration, and referred to it as "one of the worst pieces of legislation Congress has passed in a generation" https://en.wikipedia.org/wiki/Postal_Accountability_and_Enhancement_Act https://en.wikipedia.org/wiki/Postal_Accountability_and_Enha...

supernova87a 6y ago

I have heard that, and I don't know the full detail. But I'm sure it was used as a political pawn to ensure that pension costs wouldn't fall on taxpayers later like other agencies, and that USPS wouldn't be able to expand and incur costs / hire people willy-nilly like it otherwise would. What we need is for some leaders to figure out what they want the USPS to be. And fund it that way.

noknownsender 6y ago
"I don't know anything about this, but I assume that the truth aligns with my personal beliefs" Cool.
gowld 6y ago
Leaders did figure out what they wanted it to be. They wanted it disbanded and replaced by private companies. It's not a secret; it's the libertarian conservative theory of government.

pizza 6y ago

> Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that was due to prefunding retiree benefits. > Columnist Dan Casey wrote in a July 2014 op-ed in The Roanoke Times that the PAEA is "one of the most insane laws Congress ever enacted". Bill Pascrell, a Democratic House member from New Jersey, said in 2019 that it was rushed through Congress without due consideration, and referred to it as "one of the worst pieces of legislation Congress has passed in a generation" https://en.wikipedia.org/wiki/Postal_Accountability_and_Enhancement_Act https://en.wikipedia.org/wiki/Postal_Accountability_and_Enha...