Saturday, August 10, 2013

Biting The Hand: Congress Continues To Get Free Postage

I mentioned once before in regard to the Postal Service that, "even galley slaves don't want the ship to sink." I realized recently that especially galley slaves don't want the ship to sink because they're inside the ship. It's only the people outside the ship that would try to sink it. In this metaphor,  that role is played by the Congress that makes the Postal Service pre-fund retiree health benefits for seventy five years into the future.
Here's an update:
Unfortunately, the congressional pre-funding mandate continues to be a burden. This quarter, pre-funding accounted for more than 100 percent of losses. Continuing this policy just doesn’t add up. No other company or organization in the country has to deal with this issue.

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