Wednesday, August 6, 2014

Don't Believe the Haters—The Truth About the U.S. Post Office

www.alternet.org/labor/dont-believe-haters-truth-about-us-post-office
"Late in 2006, the lame duck Republican Congress rammed into law a cockamamie requirement that the Postal Service must pre-fund the retiree health benefits of everyone it employs or expects to employ for the next 75 years. Hello? That includes workers who're not even born yet! No other business in America is required to pre-fund such benefits for even one year. To add to Congress' cockamamie-ness, the service is being forced to put up all of that money within just 10 years -- which has been costing USPS more than $5 billion a year. That artificial burden accounts for 100 percent of the so-called "losses" the media keep reporting. 
It's like tying an anvil around someone's neck, throwing the person out of a boat, and saying, "Swim to shore, sucker"."

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