The US Postal Service has announced that it will miss another payment to the U.S. Treasury, this one for $5.6 billion was due Sunday according to a report by the Associated Press. Postmaster General Patrick Donahoe said services won't be disrupted, but he sounded a cautionary note that the mail delivery agency has squeezed out all of the cost savings within its power, according to the report. One must wonder how such a large government agency fell into such disarray.
The Postal Service has been pushing for Congress to approve the necessary legislation needed to allow it to eliminate Saturday mail delivery and reduce its $5 billion annual payment for future retiree health benefits. Congress has wrapped up its session until after the November elections with no postal fix approved, this again helps keep up employment numbers and shield the public from the harsh economic realities facing America.
On Wednesday, April 25th I posted another article criticizing the waste of Saturday delivery and the stupidity of delaying the necessary reforms, Postal Service Reform Delayed