U.S. Postal Service Faces Bankruptcy, Plans Cuts To Slow Delivery Of First Class Mail

The US Postal Service is a successful institutio­n.  

What's causing the bankruptcy is legislatio­n passed by the 109th Congress in 2006 that requires it to write a check ($5.5 biliion) from its operating funds every September 30th to the US Treasury to fully pre-fundin­g future retirees’ health benefits ("future retirees" = people who haven’t even been born yet, let alone working for the US Postal Service).  For 75 years.
 
Nobody, no government agency or person, has had to do that.

This was a manufactur­ed crisis, done to destroy the USPS and give a windfall to the insurance and banking industries­.
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