Prefund Benefits? ‘Outrageous’
I’m glad the May 2 editorial “The Postal Service’s easy button” finally got around to mentioning the 2006 Congressional mandate to prefund 75 years’ worth of future retiree health benefits within 10 years. Prior to that outrageous misuse of Congressional power, the Postal Service was debt free and profitable. Indeed, that single factor is responsible for 80 percent of the USPS’s losses and 100 percent of its debt. Eliminate the mandate, and the Postal Service will be sustainable indefinitely. Otherwise, it will continue to be forced to cut facilities and staff, and your claimed deterioration in service will become a reality, much less the norm.
Phyllis L. Isaacs