Postal Service reform not expected before August, likely killing ambitious overhaul this year

Jul 12, 2012 | Posted by: roboblogger | Full story: The Washington Post

A congressional solution to the financial woes faced by the U.S. Postal Service won't be considered by House lawmakers before they leave for a month-long August recess, likely killing ambitious plans to overhaul the nation's mail system this year.

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21 - 40 of 57 Comments Last updated Jan 30, 2013
Think Again

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#23
Jul 14, 2012
 
RT Pipe wrote:
<quoted text>It sure does receive tax money. it's just laundered. Wise up!

It's a non-profit agency. What happened to all the money over the years while they were in the black? Everyone else were operating on the USPS coat tails for years. Now they want to turn their backs on an agency that a majority of us take for granted.
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#24
Jul 14, 2012
 
TedsLiver wrote:
<quoted text>. I agree with you that their retirement plan should be completely abolished.
jealous???
Think Again

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#25
Jul 14, 2012
 
Eighthman wrote:
People will be getting more and more aggravated at postal workers as time goes by. They are already pretty much hated by one and all. Almost as much as public union teachers. Almost.
For what reason?
itoldyouso

Mount Laurel, NJ

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#26
Jul 14, 2012
 
RT Pipe wrote:
USPS, HUGE waste of money. the majority of these overpaid underworked retards need to be fired and deported.
My husband isn't overpaid (54,000 a year after 30 years) underworked (8 hours a day lifting 50 pound mail box to sort) or retarded (he has a college degree through the Air Force) and you need to get your facts straight before you go there. We pay 75% of our health insurance costs. The cheapest plan we can use is the GEHA and although it is only $200 a month, it doesn't cover very much and we pay 15%-20% for every visit to the doctor once we have met out $700 deductable for the year. The co-pay for a trip to the ER with my son when he broke his kneecap was $525 and then there was the orthopedics bill which was another $500 and then the medical equipment costs such as a knee brace, cruthches and etc. Don't even tell me you know anything about the postal service and what they are paid or how great their insurance is. If you want the cadillac insurance it will cost you almost $1300 a month but you won't pay very many co-pays. It's a toss up which is the best but it sure aint the USPS
itoldyouso

Mount Laurel, NJ

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#27
Jul 14, 2012
 
TedsLiver wrote:
<quoted text>. I agree with you that their retirement plan should be completely abolished.
Why should the pension be abolished? My husband works hard and contributes a lot of money to it each year. He has earned his pension unlike the lazy *ssed politicians that receive a full pension and health care for life after just one term (and it aint obuttmacare)
RT Pipe

Belle Vernon, PA

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#28
Jul 14, 2012
 
RustyS wrote:
The USPS is far more efficient than the rest of the federal government.
Ha! Brain dead is brain dead.
RT Pipe

Belle Vernon, PA

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#29
Jul 14, 2012
 
Think Again wrote:
<quoted text>
It's a non-profit agency. What happened to all the money over the years while they were in the black? Everyone else were operating on the USPS coat tails for years. Now they want to turn their backs on an agency that a majority of us take for granted.
Non profit my azz. The USPS has been a drain on the economy and taxpayer for well over 35 years. They hire semi functional illiterates who can't read or write. These jobs are patronage employment and it has steadily grown worse. The private sector needs to take it over and be done with it.
RT Pipe

Belle Vernon, PA

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#30
Jul 14, 2012
 
itoldyouso wrote:
<quoted text>
My husband isn't overpaid (54,000 a year after 30 years) underworked (8 hours a day lifting 50 pound mail box to sort) or retarded (he has a college degree through the Air Force) and you need to get your facts straight before you go there. We pay 75% of our health insurance costs. The cheapest plan we can use is the GEHA and although it is only $200 a month, it doesn't cover very much and we pay 15%-20% for every visit to the doctor once we have met out $700 deductable for the year. The co-pay for a trip to the ER with my son when he broke his kneecap was $525 and then there was the orthopedics bill which was another $500 and then the medical equipment costs such as a knee brace, cruthches and etc. Don't even tell me you know anything about the postal service and what they are paid or how great their insurance is. If you want the cadillac insurance it will cost you almost $1300 a month but you won't pay very many co-pays. It's a toss up which is the best but it sure aint the USPS
Tough shyt join the crowd. The USPS is a big toilet and it needs flushed and closed.
Think Again

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#31
Jul 14, 2012
 
RT Pipe wrote:
<quoted text>Non profit my azz. The USPS has been a drain on the economy and taxpayer for well over 35 years. They hire semi functional illiterates who can't read or write. These jobs are patronage employment and it has steadily grown worse. The private sector needs to take it over and be done with it.
Awwww!!!! Poor thing. Did you not get hired? Is that what the hatred is all about? And how much would you be willing to pay to send a letter if the private sector took over? Let me guess, you never use the USPS. Trust me, there are millions who still do!!

Since: Mar 09

The Left Coast

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#32
Jul 14, 2012
 
RT Pipe wrote:
<quoted text>Ha! Brain dead is brain dead.
Exactly
RT Pipe

Belle Vernon, PA

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#33
Jul 14, 2012
 
Think Again wrote:
<quoted text>
Awwww!!!! Poor thing. Did you not get hired? Is that what the hatred is all about? And how much would you be willing to pay to send a letter if the private sector took over? Let me guess, you never use the USPS. Trust me, there are millions who still do!!
LMAO. Correct, I did not get hired because I never applied. Retired Army spent 20 years protecting food stamp free riders like you. I have relatives that are retired postal employees when they really had to work and for very little. I would be paying a lot less for postage if the private sector took control. Hope that helps you libtard.
Think Again

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#34
Jul 15, 2012
 
RT Pipe wrote:
<quoted text>LMAO. Correct, I did not get hired because I never applied. Retired Army spent 20 years protecting food stamp free riders like you. I have relatives that are retired postal employees when they really had to work and for very little. I would be paying a lot less for postage if the private sector took control. Hope that helps you libtard.
This shows me you have no idea what your talking about... A lot less for postage? Take a letter or any other piece of mail to FedEx or UPS and tell me which is cheaper. You're only making yourself sound more ridiculous each and every post. As much as I've enjoyed this, I'm done. Good day
RT Pipe

Belle Vernon, PA

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#35
Jul 15, 2012
 
Think Again wrote:
<quoted text>
This shows me you have no idea what your talking about... A lot less for postage? Take a letter or any other piece of mail to FedEx or UPS and tell me which is cheaper. You're only making yourself sound more ridiculous each and every post. As much as I've enjoyed this, I'm done. Good day
Anyone with a functioning brain knows I am correct and you are a nothing more than a leech on the taxpayer. You need to get a job, get off welfare and food stamps OR go home to Kenya where your BRO is from. See ya Marxist.
cjs elizabeth pa

Pittsburgh, PA

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#36
Jul 15, 2012
 
RT Pipe wrote:
<quoted text>It sure does receive tax money. it's just laundered. Wise up!
The P.O. gives congress 5.5 billion a year to help the national debt they created. NO MONEY COMES FROM TAX PAYERS EXCEPT THE MONEY CONGRESS FORCES THE P.O. TO BORROW. CONGRESS IS THE PROBLEM, NOT THE WORKING EMPLOYEES. POSTAL TOP BRASS NEED TO GO. A PUBLIC SERVANT SHOULD NOT MAKE 1/2 MILLION DOLLARS A YEAR DOING NOTHING. THIS IS NOT A BUSINESS. IT'S A PUBLIC SERVICE.
RT Pipe

Monessen, PA

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#37
Jul 15, 2012
 
cjs elizabeth pa wrote:
<quoted text> The P.O. gives congress 5.5 billion a year to help the national debt they created. NO MONEY COMES FROM TAX PAYERS EXCEPT THE MONEY CONGRESS FORCES THE P.O. TO BORROW. CONGRESS IS THE PROBLEM, NOT THE WORKING EMPLOYEES. POSTAL TOP BRASS NEED TO GO. A PUBLIC SERVANT SHOULD NOT MAKE 1/2 MILLION DOLLARS A YEAR DOING NOTHING. THIS IS NOT A BUSINESS. IT'S A PUBLIC SERVICE.
You have mental issue dufus. I suggest you either see a doc for some Xanax or see the local dealer for something. You are full of shyt regarding how the USPS is funded. If you had a functioning brain you would educate yourself and find out the real truth. In the meantime FO and scream at your gay lover or something.
Think Again

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#38
Jul 16, 2012
 
RT Pipe wrote:
<quoted text>You have mental issue dufus. I suggest you either see a doc for some Xanax or see the local dealer for something. You are full of shyt regarding how the USPS is funded. If you had a functioning brain you would educate yourself and find out the real truth. In the meantime FO and scream at your gay lover or something.
Interesting article in The Federal Times to help you better understand your comments are ridiculous...

Editorial: Congress’ inaction on Postal Service default disgraceful | Federal Times | federaltimes.com

Barring some unexpected intervention from Congress, the cash-strapped U.S. Postal Service will default on Aug. 1, when it fails to pay $5.5 billion into a retiree health care fund, which is required under law.

Two months later, on Sept. 30, the Postal Service is likely to default again, this time on a $5.6 billion payment to the same fund.

It’s a monumental failure — but it’s Congress, not the Postal Service, that should be ashamed.

Congress set this slow-motion train wreck in motion way back in 2006 when it passed the Postal Accountability and Enhancement Act, which required the Postal Service to pre-pay expected health care costs for future retirees within 10 years. Compressing the payment period to just 10 years is why the annual payments are a whopping $5.4 billion to $5.8 billion apiece.

No other organization in the country carries such a burden.

Congress insisted on a 10-year payment period in order to capture the impact of the law on the deficit. The Congressional Budget Office’s arcane “scoring” rules require that the impact only be scored over 10 years. Forcing all liabilities to be pre-paid within 10 years enabled CBO to declare the bill to be deficit-neutral. That, in turn, provided the political cover Republicans needed to support the bill.

Aside from that, however, there was no reason to make the payments so large and to collect them so fast.

The Postal Service has asked for years for relief from the oppressive weight imposed by these payments, and Congress has failed, time and again, to do its job and find a better solution.

Four senators — two Democrats and two Republicans — sponsored a bill to stretch out those pre-payments over 40 years, lowering the annual payment to roughly $2.5 billion. The Senate approved the measure, but House Republicans balked, calling the plan a multibillion-dollar bailout of the Postal Service.

Not that Congress hasn’t come through with bailouts before, as with General Motors or AIG, the insurance giant that made “too big to fail” a household expression. If the Postal Service were a private entity, lawmakers would be rushing to ensure its 630,000 jobs were protected. They’d rail about how it’s too big to fail, and why saving the institution is the right thing to do. In truth, though, re-amortizing the Postal Service’s payments into its future-retiree health care fund is not a bailout. This is money that’s being set aside and invested, not payments to creditors or shareholders. The fund is a best guess at the amount that will be needed decades from now. It is not an immediate pressing debt. The House’s failure to act is disgraceful. Through their inaction, Speaker John Boehner, R-Ohio, and House Government Oversight Committee Chairman Darrell Issa, R-Calif., are demonstrating contempt for the Postal Service and a lack of respect for the law and for the obligations of their own institution.

Or perhaps, they are making a point: By allowing the Postal Service to default without consequence, they are recognizing the ineptitude of their own branch of government and their personal failure to lead by example.
RT Pipe

Monessen, PA

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#39
Jul 16, 2012
 
Think Again wrote:
<quoted text>
Interesting article in The Federal Times to help you better understand your comments are ridiculous...
Editorial: Congress’ inaction on Postal Service default disgraceful | Federal Times | federaltimes.com
Barring some unexpected intervention from Congress, the cash-strapped U.S. Postal Service will default on Aug. 1, when it fails to pay $5.5 billion into a retiree health care fund, which is required under law.
Two months later, on Sept. 30, the Postal Service is likely to default again, this time on a $5.6 billion payment to the same fund.
It’s a monumental failure — but it’s Congress, not the Postal Service, that should be ashamed.
Congress set this slow-motion train wreck in motion way back in 2006 when it passed the Postal Accountability and Enhancement Act, which required the Postal Service to pre-pay expected health care costs for future retirees within 10 years. Compressing the payment period to just 10 years is why the annual payments are a whopping $5.4 billion to $5.8 billion apiece.
No other organization in the country carries such a burden.
Congress insisted on a 10-year payment period in order to capture the impact of the law on the deficit. The Congressional Budget Office’s arcane “scoring” rules require that the impact only be scored over 10 years. Forcing all liabilities to be pre-paid within 10 years enabled CBO to declare the bill to be deficit-neutral. That, in turn, provided the political cover Republicans needed to support the bill.
Aside from that, however, there was no reason to make the payments so large and to collect them so fast.
The Postal Service has asked for years for relief from the oppressive weight imposed by these payments, and Congress has failed, time and again, to do its job and find a better solution.
Four senators — two Democrats and two Republicans — sponsored a bill to stretch out those pre-payments over 40 years, lowering the annual payment to roughly $2.5 billion. The Senate approved the measure, but House Republicans balked, calling the plan a multibillion-dollar bailout of the Postal Service.
Not that Congress hasn’t come through with bailouts before, as with General Motors or AIG, the insurance giant that made “too big to fail” a household expression. If the Postal Service were a private entity, lawmakers would be rushing to ensure its 630,000 jobs were protected. They’d rail about how it’s too big to fail, and why saving the institution is the right thing to do. In truth, though, re-amortizing the Postal Service’s payments into its future-retiree health care fund is not a bailout. This is money that’s being set aside and invested, not payments to creditors or shareholders. The fund is a best guess at the amount that will be needed decades from now. It is not an immediate pressing debt. The House’s failure to act is disgraceful. Through their inaction, Speaker John Boehner, R-Ohio, and House Government Oversight Committee Chairman Darrell Issa, R-Calif., are demonstrating contempt for the Postal Service and a lack of respect for the law and for the obligations of their own institution.
Or perhaps, they are making a point: By allowing the Postal Service to default without consequence, they are recognizing the ineptitude of their own branch of government and their personal failure to lead by example.
Read this and learn. The feds LIE! The Federal government is a lie that produces more lies and a-holes like you are what these sleaze bags hope for. Live out what you have left being mindless because there is no hope for 'bot' like you.
just me

Pikeville, TN

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#40
Jul 17, 2012
 
they for got to mention the postal service has a 15 billion line of credit with the Federal reserve backed by the tax payer..which they done spent over 11 billion of..now they want to promise retirement pay..with out putting away the money for..which will cost the tax payer billions more when it comes due..the creation of the postal service in the 70s was a bad idea,,it has never worked,and now is going to cost the tax payers billions..it needs sold..there needs to be free market on mail delivery..lets just see if FedEx can not do it cheaper..other company's have,,until they where busted by the postal inspectors..if private company's can not out preform them,why do they spend millions,making sure there is no competition.
just me

Pikeville, TN

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#41
Jul 17, 2012
 
itoldyouso wrote:
<quoted text>
My husband isn't overpaid (54,000 a year after 30 years) underworked (8 hours a day lifting 50 pound mail box to sort) or retarded (he has a college degree through the Air Force) and you need to get your facts straight before you go there. We pay 75% of our health insurance costs. The cheapest plan we can use is the GEHA and although it is only $200 a month, it doesn't cover very much and we pay 15%-20% for every visit to the doctor once we have met out $700 deductable for the year. The co-pay for a trip to the ER with my son when he broke his kneecap was $525 and then there was the orthopedics bill which was another $500 and then the medical equipment costs such as a knee brace, cruthches and etc. Don't even tell me you know anything about the postal service and what they are paid or how great their insurance is. If you want the cadillac insurance it will cost you almost $1300 a month but you won't pay very many co-pays. It's a toss up which is the best but it sure aint the USPS
paying 200 per month..about what a 5.00 per hour worker paid in the 80..hell in the private world that would cost over 800 per month today..goverment workers have lost touch with reality.
Think Again

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#42
Jul 17, 2012
 
just me wrote:
they for got to mention the postal service has a 15 billion line of credit with the Federal reserve backed by the tax payer..which they done spent over 11 billion of..now they want to promise retirement pay..with out putting away the money for..which will cost the tax payer billions more when it comes due..the creation of the postal service in the 70s was a bad idea,,it has never worked,and now is going to cost the tax payers billions..it needs sold..there needs to be free market on mail delivery..lets just see if FedEx can not do it cheaper..other company's have,,until they where busted by the postal inspectors..if private company's can not out preform them,why do they spend millions,making sure there is no competition.
You must not be able to read!! They aren't complaining about paying into the retirement fund. Their asking to not have to pay for future employees not even born yet within 10 years. Tell me what public or private company could afford that? And as far as the line of credit you mention... The USPS has stuffed the federal reserve pockets for years!! Where has all that money gone?

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