The agency, which lost $8.5 billion last year, recently told Congress it could not make a $5.5 billion payment due Sept. 30 to a federal retiree health care trust fund. The Postal Service has proposed a number of radical changes to keep business afloat, including cutting Saturday mail delivery and closing thousands of post offices.
The federal retiree health care trust fund should be reviewed and revised. Even though the USPS has layed off a fifth of their workers, the 2006 mandated funding hasn’t changed.
Further reading on the Internets will tell you that the whole operation might shut down completely next year since they can’t afford to gas their trucks or pay their staff.
The Post Office was always a special place for me and I’ve many fond memories of going there with my Dad after they’d closed. It was one of the few public buildings that still had the lights on and let you in after dark, even if nobody was there.
But then again, I can’t remember the last time I was actually in a post office.