Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

matmar

(593 posts) Wed May 23, 2012, 08:41 PM May 2012

In a sense, the Repubs attempted to "private equity" the USPS [View all]

They loaded it up with debt in 2006 with their "Postal Accountability Act" by mandating a requirement designed to sink the USPS-the prefunding mandate that required the USPS to fund 75 yrs worth of retiree health benefits in a 10 year window.

Now that their plan has bankrupted the service they are free to come in and nullify Labor Contracts, break the unions and hire scabs for a third of the pay and no benefits.

Bain Capital model being put to work on government.

14 replies

= new reply since forum marked as read

Highlight:

In a sense, the Repubs attempted to "private equity" the USPS [View all] matmar May 2012 OP

And the question is, Baitball Blogger May 2012 #1

they set it up oldhippydude May 2012 #2

Then we should at least be more successful in showing Baitball Blogger May 2012 #6

Good luck with teaching the general public anything about politics lunatica May 2012 #11

because the average person doesn't assume the government is trying to steal from them HiPointDem May 2012 #4

We should use this example as a learning tool and feed it to the masses. Baitball Blogger May 2012 #8

Because we're not getting a paycheck to think up ways to screw over an entire nation. Selatius May 2012 #5

Too bad that people aren't branded with their voting records when they Baitball Blogger May 2012 #9

It was done in the dark of night so to speak--the media didn't cover it so who knew? live love laugh May 2012 #7

Actually, considering how much the Iraq war was used as a litmus test Baitball Blogger May 2012 #10

and they did something similar to social security. government borrowed a bunch of money from HiPointDem May 2012 #3

Excellent post malaise May 2012 #12

Two or three times over the past several years, I have commented that Skidmore May 2012 #13

hmmmmmmmmmm oldhippydude May 2012 #14