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Congress created post office's problems - The Grand Island Independent: Another Opinion

Saturday, February 28, 2015

Congress created post office's problems

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Posted: Wednesday, January 8, 2014 12:15 am

Contrary to popular belief, the U.S. Postal Service is not broke. What the media is not saying often enough is how Congress created the post office’s financial problems.

Since 2007, a short-sighted mandate from Congress (from a lame duck Congress) has required the Postal Service to set aside, in just 10 years, enough money to pay all future health care retirement benefits for the next 75 years — something no other public agency or private company is required to do. That means the Postal Service is paying for benefits of employees not even born yet. This is the same as paying your 30 year mortgage off in less than 4 years.

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