In the next few months, the United States Postal Service will once again face default. The problem for the USPS is that mail volume has fallen by 46 million pieces since its peak in 2006 and massive annual losses make paying benefits for retired postal workers nearly impossible.
Conservatives should be aware of the temptation to shift the costs, potentially putting taxpayers on the hook for billions of dollars. Instead, there should be a concerted effort for serious postal reform. This will be a true test of President Obama’s promise of “no bailouts, no handouts, no copouts.”