The Late U. S. Mail 0
Dan Casey explains how George the Worst poisoned the Post Office and wonders why Congress doesn’t care. A nugget:
It requires the self-supporting U.S. Postal Service, which receives not one dime in taxpayer subsidies, to fully fund its retirees’ health benefits for 75 years into the future. It also requires that money be set aside over a 10-year period, at a rate of more than $5 billion per year.
(snip)
Somewhat ironically, the bill was intended to help the Postal Service be more competitive for the future, Davis said. But late in the game, the Bush White House threatened to veto it unless Congress added the future-funding-for-retirees provision.
Congress went along because at the time it seemed like it was a better option than having the entire bill defeated, Davis said.