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To: muawiyah

I only see 5 occurrences of the word “tax” with 3 of those occurrences part of “taxpayers”. The article does not promote any particular solution to the budget problem.

The USPS has $80+ billion in unfunded pension liabilities. The unfunded liabilities are not covered by postal fees. The USPS has claim that it is not part of the government in an attempt to claim that these liabilities are part of general taxpayer obligations. The USPS is part of the government as Congress exerts considerable influence on its budgets and operations.

USPS employees are well compensated with almost iron clad job security (at least until now). The positions have the same bloated pay grades as other federal employees. The USPS has never ending battles between management and the labor cartels. As with any other labor cartel dominated organization, I am sure that the USPS has lots of lazy bums along with mind numbing and efficiency crashing work rules. I am sure there are talented and hard working individuals also.

Congress has given the USPS a politically charged mission with idiotic requirements for uniform postal rates and policital pressures to keep post offices open. Congress has also provided the USPS a monopoly on first class mail to offset the onerous constraints.

The Geittner manuevering involves phony government accounting. The USPS does not have any pension fund that I can find. Please give me a link to the CAFR for the USPS pension fund so I can see its investments. The federal government of which USPS is part of, has $80 billion of unfunded liabilities for postal workers. There are no assets to pay these benefits. The federal government has taxing ability and the USPS can raise postal rates.


30 posted on 05/20/2011 1:17:06 PM PDT by businessprofessor
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To: businessprofessor
USPS is what is called an Independent Executive Establishment. It's part of the gub'mnt and always has been. I think way back in the beginning (1973/74) there was probably someone who though they were independent ~ but, of course, they are not.

With USPS overpaid into the retirement system to the tune of $78 billion................. give me a real source ~ on unfunded.

31 posted on 05/20/2011 2:00:43 PM PDT by muawiyah
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To: businessprofessor

BTW, USPS cannot, by itself, raise rates. That matter is regulated by the Postal Regulatory Commission.


32 posted on 05/20/2011 2:02:46 PM PDT by muawiyah
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