San­ders fights for mid­dle class

Stanstead Journal - - CLASSIFIEDS -

week, do not end Satur­day mail. At a time when the Postal Ser­vice is com­pet­ing with the in­stan­ta­neous com­mu­ni­ca­tions of e-mail and high-speed In­ter­net ser­vices, do not slow down the de­liv­ery of mail, speed it up. And do not dis­man­tle the Postal Ser­vice by shut­ting down a quar­ter of the mail pro­cess­ing plants left in this coun­try.”

Postal Ser­vice fi­nances look poor on pa­per be­cause a law signed by Pres­i­dent Ge­orge W. Bush in 2006 cre­ated a unique an un­nec­es­sary re­quire­ment for the Postal Ser­vice to pre-fund 75 years of fu­ture re­tiree health ben­e­fits over a 10 year pe­riod. This oner­ous bur­den would cost $5.5 bil­lion a year. In fact, how­ever, the pay­ments have not been made in re­cent years. More­over, the fund al­ready has more than enough money to cover re­tirees’ health care needs. “The Postal Ser­vice is not go­ing broke,” San­ders said, de­spite claims by crit­ics who would dis­man­tle the in­sti­tu­tion.

Postal Ser­vice fi­nances look poor on pa­per be­cause a law signed by Pres­i­dent Ge­orge W. Bush in 2006 cre­ated a unique an un­nec­es­sary re­quire­ment for the Postal Ser­vice to pre-fund 75 years of fu­ture re­tiree health ben­e­fits over a 10 year pe­riod. This oner­ous bur­den would cost $5.5 bil­lion a year. In fact, how­ever, the pay­ments have not been made in re­cent years. More­over, the fund al­ready has more than enough money to cover re­tirees’ health care needs. “The Postal Ser­vice is not go­ing broke,” San­ders said, de­spite claims by crit­ics who would dis­man­tle the in­sti­tu­tion.

“My bill also would give the Postal Ser­vice the tools it needs to com­pete in the 21st Cen­tury by al­low­ing it to sell in­no­va­tive new prod­ucts, ser­vices, and raise more rev­enue,” San­ders told the let­ter car­ri­ers. A re­cent re­port from the Postal Ser­vice In­spec­tor Gen­eral sug­gests that al­most $9 bil­lion a year could be gen­er­ated by pro­vid­ing af­ford­able fi­nan­cial ser­vices to tens of mil­lions of Amer­i­cans.

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