The Postal Service is facing bankruptcy because of legislation passed by the 109th Congress in 2006 that requires it to write a check from its operating funds every September 30th to the US Treasury to fully pre-funding future retirees’ health benefits (for 75 years).
This is about funding the retirement benefits for people who haven’t even been born yet, let alone working for the US Postal Service.
Nobody, no government agency or person, has had to do that.
This was a manufactured crisis, done to destroy the USPS.
The same thing is being done to Social Security and Medicare by the campaign to extend the payroll tax 'holiday'. Payroll taxes are what funds Social Security and Medicare benefits. Ending payroll taxes will drain Social Security and Medicare.
During the 2000 election, when Gore was talking about a "lock box" and Bush was campaigning on tax cuts ("Got to get the money out of Washington"), I was writing about how Bush and GroverNorquist intended to bankrupt the country as a back door to ending the New Deal and Great Society programs.
I've been writing about conservatives' frustration over their attempts to end SocialSecurity and other NewDeal/GreatSociety programs since the ReaganAdministration, and the understanding that no politician would be able to end SocialSecurity head on, because it was so popular with the People. The way they would do it would be to get the nation into so much debt, into bankruptcy, that there would be no money left in SocialSecurity, and that's how they would kill it.
When GeorgeWBush got into the WhiteHouse after the contentious 2000 election (when Republicans stole the election), when Bush rammed those tax cuts through, no Democrats talked about "what about if we need that money for a rainy day?" Or "should we find ourselves in a war". Or for shoring up the nation's crumbling infrastructure, i.e., the roads, highways, bridges, dams, railways, etc., etc., etc.
Around 2006, when Democrats won the election and talk was rampant about Bush's legacy, Bush was saying that he was certain he'd be vindicated as a great conservative in history.
Even conservative voters didn't see what he was talking about, that what Bush was counting on as the end of the NewDeal/GreatSociety programs, like SocialSecurity and Medicare, vindicating him. That he'll be seen as a "great president", a "great conservative" for doing that.
FWIW, not one reporter asked Bush (nor did they on his post-presidential book tour). Democratic politicians knew this, by the way, and they let it happen.
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