Congress Must Not Hob­ble Postal Ser­vice Re­bound

Stanstead Journal - - FORUM - Burli­ing­ton, VT

Withrev­enue re­bound­ing, the U.S. Postal Ser­vice would have posted a profit for the past three months with­out an un­prece­dented re­quire­ment that it sink $5.5 bil­lion a year into fu­ture re­tiree health care, Sen. Bernie San­ders (I-Vt.) said.

The lat­est quar­terly re­port on Postal Ser­vice fi­nances showed a $740 mil­lion loss, but all of that red ink would have been elim­i­nated and a $660 mil­lion profit would have been posted had the Postal Ser­vice not been forced to sink money into a sys­tem that al­ready has set aside enough to meet the health care needs of re­tirees for decades to come.

“The good news is that the Postal Ser­vice made a profit ex­cept for the un­fair, oner­ous bur­den that no other com­pany or agency is re­quired to pay,” said San­ders. “The Postal Ser­vice has ex­pe­ri­enced fi­nan­cial prob­lems and changes need to be made to bring it into the 21st cen­tury, but I am con­vinced that pro­pos­als to slow down mail de­liv­ery and pro­vide less ser­vice are the wrong way to go,” San­ders added.

San­ders was re­fer­ring to leg­is­la­tion that would ham­string the Postal Ser­vice by clear­ing the way to end Satur­day mail ser­vice, sig­nif­i­cantly slow down de­liv­ery, close more pro­cess­ing plants and elim­i­nate door-to-door de­liv­er­ies.

San­ders on Feb. 13 in­tro­duced leg­is­la­tion, which now has 28 cospon­sors, to mod­ern­ize the Postal Ser­vice, save Satur­day mail and re­peal the crip­pling law re­spon­si­ble for at least 80 per­cent of the mail

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