Re­forms needed

Stanstead Journal - - FORUM -

and re­tiree health care. “Us­ing ratepayer funds, it has built a war chest of over $326 bil­lion to ad­dress its fu­ture li­a­bil­i­ties,” Wil­liams told San­ders.

Sens. Pa­trick Leahy (D-VT.) and Mary Lan­drieu (D-LA.) joined San­ders a Capi­tol Hill press con­fer­ence.

Armed with the new in­for­ma­tion from the in­spec­tor gen­eral, San­ders said the Postal Ser­vice should be re­leased from what he called an “oner­ous and un­prece­dented bur­den” of be­ing forced to put $5.5 bil­lion ev­ery year into their fu­ture re­tiree health ben­e­fits fund. Even if there are no fur­ther con­tri­bu­tions from the post of­fice, and if the fund sim­ply col­lects 3.5 to 4 per­cent in­ter­est ev­ery year, that ac­count will be fully funded in 21 years, San­ders said. He also said the Postal Ser­vice should be al­lowed to re­cover more than $13 bil­lion in over­pay­ments it has made to a fed­eral re­tire­ment sys­tems.

Even with those changes, San­ders said the Postal Ser­vice needs re­forms to make it com­pet­i­tive in the e-mail era.

“Let’s be clear: these short­term ac­count­ing ef­forts will not

WithVer­mon­ters pre­par­ing their tax re­turns, Rep. Peter Welch to­day trav­eled to Water­bury to out­line fed­eral tax re­lief avail­able to Ver­mont in­di­vid­u­als and busi­nesses af­fected by Trop­i­cal Storm Irene. solve the long-term fi­nan­cial prob­lems fac­ing the U.S. Postal Ser­vice. In or­der to do that, the Postal Ser­vice needs to adopt an en­tirely new busi­ness model which makes it much more en­tre­pre­neur­ial, pro-busi­ness, and pro-con­sumer com­pared to where it is to­day,” San­ders said.

He wants a blue rib­bon com­mis­sion to give the Postal Ser­vice ideas about how it can sub­stan­tially in­crease rev­enue by of­fer­ing far more ser­vices than to­day.

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