Inspector General: USPS bailout or shutdown

[ybbor]

6. Another example of Repubs making sure gov't doesn't work

They inserted a poison pill to kill the PO:

"The health of the Postal Service lies largely in the hands of Congress, which has made a tremendous accounting strategy error. In 2006, President George W. Bush signed the Postal Accountability Act that requires the agency for 10 years to pre-pay retiree pensions 75 years in advance. As a consequence, the agency has added a whopping $5.5 billion annually to its balance sheet and will continue to do so until 2017."

They are required to pay pensions for workers not even born yet.

More here:

http://www.prnewswire.com/news-releases/issa-blocks-fix-of-post-office-pension-prepay-time-bomb-says-robert-weiner-former-spokesman-for-us-house-govt-reform-comm-bipartisan-bill-has-229-sponsors-but-chairman-issa-pushes-privatization-159224595.html

Such complete and total BS! Another attempt to kill the largest number of union jobs in the nation!