Republicans are killing the USPS
Back in 2006, a lame duck Republican Congress passed a law mandating that the United States Postal Service do something no other corporation or public entity has had to do – prefund 75 years worth of post-retirement benefits for its employees. This was part of a scheme to largely privatize the Post Office and decimate its workforce. Remember, this was during the “Let’s Privatize Social Security” Administration of George W. Bush. Much of the governance of the USPS is still dominated by Bush Administration appointees. President Obama has nominated no replacements so far.
Recently, the U.S. Postal Service Inspector General recommended that the USPS offer basic banking services to customers. Senator Elizabeth Warren has been among those who have publicly backed such a move as a way to both generate new revenues for the Post Office and provide access to financial services to low income Americans who are currently not…
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