Congressman Finally Takes Action To Remove Needless Requirement Bankrupting The Postal Service
Source: Think Progress
Rep. Peter DeFazio (D-OR) has introduced legislation to try to save the US Postal Service from its incipient bankruptcy, and he is asking for the public to help him pass it.
DeFazios bill would repeal the needless requirement one no other business or entity must face that the Postal Service pre-fund 75 years worth of employee health benefits. That requirement has hugely contributed to the USPS defaulting for the first and then second time in its history last year. Analysis from 2012 estimated that the USPS would have a $1.5 billion surplus without the benefit requirement.
But DeFazio recognizes that facts alone will not influence his colleagues to take up and pass the legislation, so he has also turned to the White Houses petition platform, We The People, to petition President Obama to take a stand against the health benefit requirement.
Read more: http://thinkprogress.org/economy/2013/04/25/1919381/postal-services-defazio/
source http://thehill.com/blogs/on-the-money/1007-other/295963-dem-congressman-launches-wh-postal-petition
Bernardo de La Paz
(49,002 posts)southern_belle
(1,647 posts)we can do it
(12,188 posts)freshwest
(53,661 posts)https://petitions.whitehouse.gov/petition/save-postal-service-save-american-jobs/drCmyCHZ
5,840 signatures now; 94,160 are still needed to make the 100,000 to get consideration.
Cha
(297,275 posts)thanks freshwest!
freshwest
(53,661 posts)Cha
(297,275 posts)SunSeeker
(51,564 posts)Lobo27
(753 posts)WHEN CRABS ROAR
(3,813 posts)Wish we could clone him.
Poll_Blind
(23,864 posts)PB
AnotherMcIntosh
(11,064 posts)ellenfl
(8,660 posts)DirkGently
(12,151 posts)MotherPetrie
(3,145 posts)Live and Learn
(12,769 posts)blkmusclmachine
(16,149 posts).
davidpdx
(22,000 posts)I'm glad DeFazio is making it an issue. The 75 year requirement is bullshit. Now I could possibly see them doing 20 years out (playing devils advocate a bit). If they reduced it by 55 years, a huge amount of money would be returned to the Post Office allowing services to remain in place.
Dan de Lyons
(52 posts)Yee-hah! This one is a no-brainer. I can do it!