Postal Reform: A Serious and Necessary Effort
Several Representatives and Senators have proposed reducing USPS’s financial obligations to its retirement accounts, effectively a bailout. However, this would release the one agency of the federal government that is required to fund their retirement and health care plans from that obligation. At a time when Congress is finally being forced to confront its long term liabilities, this is unacceptable.
Alternatively, Reps. Darrell Issa (R-CA) and Dennis Ross (R-FL) have proposed the sometimes politically unpalatable reforms that will steer the postal service back to sustainability. After the reforms, the USPS will be afforded more flexibility in business and labor decisions to respond to the precipitous decline in mail volume. The bill would create a solvency authority that would take over the postal service in the event there is a default allowing them to restructure. Ultimately, they will be prevented from defaulting on their obligations to the U.S. Treasury and taxpayer.
Reps. Issa and Ross should be applauded for their efforts. This is exactly the type of reform that is needed. The Postal Reform Act prevents this failing government entity from becoming a burden on all of us while improving its ability to fulfill the role it was constitutionally created to do — however small that role is becoming.