With nine days to go before the U.S. Postal Service (USPS) faces default, a Senate committee on Wednesday is expected to vote on a new plan to address the crisis. The plan takes a few steps in the right direction, but it falls short of the comprehensive reform that is needed. The immediate problem for USPS is a $5.5 billion payment to the federal treasury to fund retiree health benefits that is due on November 18, and it doesn’t have the money to pay. But USPS’s problem is much deeper …
The House Oversight and Government Reform Committee meets Thursday to consider the most substantive postal reform plan under consideration in Congress. The debate in Washington triggered a spending spree from postal unions opposed to the reforms, including a national TV ad campaign launched last month. Now the Oversight Committee is striking back with its own video that explains the crisis and why the Postal Service needs to be fixed before taxpayers are left paying the bill. Mail volume has dropped by 46 billion pieces since its peak in 2006. As …
The U.S. Postal Service faces a bleak future without reform. Rep. Darrell Issa (R-CA), a successful businessman before coming to Congress, has just the plan to save it from financial collapse. Issa, chairman of the House Oversight and Government Reform Committee, spoke at Heritage yesterday about the Postal Service’s problems and the changes he would make to keep it operating for future generations. He sat down for a short interview after his speech. Issa’s plan is the most comprehensive proposal put forward—and also more politically palatable than the plan offered …
[youtube]http://www.youtube.com/watch?v=5XTi-WdOu2s&eurl=http://hotair.com/archives/2009/08/11/obama-government-health-care-will-be-like-um-the-post-office/&feature=player_embedded[/youtube] At his orchestrated townhall event today, President Obama defended the notion that his government-run public health care plan wouldn’t crowd out private insurers by referencing the symbiotic relationship between UPS, Fedex and the Post Office. Bad timing Mr. President. On Friday, the New York Times Business Section actually called for the privatization of the post office amid staggering losses, and even said it was in “General Motors territory.” So while the President sells you on his “post office” of health care plans, here are some questions to consider: 1.) …
