• Welcome to Tux Reports: Where Penguins Fly. We hope you find the topics varied, interesting, and worthy of your time. Please become a member and join in the discussions.

Privatization Stabs The US Postal Service

LPH

Flight Director
Flight Instructor
In 2006 Congress wrote a nice piece of legislation requiring the US Postal Service to do something no other agency is required to complete; the agency must pay approximately $5.5 billion in future retiree health benefits annually.

This law unnecessarily stresses the agency, constantly pushing it into a net loss each year.

Today, the postal service announced they will stop Saturday delivery. This will save approximately $2 billion dollars annually.

Privatization won because Congress pushed out Benjamin Franklin's agency - an agency which is as American as apple pie. I guess our Congress wanted private organizations to get a larger slice of that pie.
 
Top