How the USPS Resembles Social Security

Isn’t the U.S. Postal Service another form of Social Security, helping Americans with limited means and/or mobility to sustain their lives and interact with the world?

Certainly that’s a lot of what you might hear from both urban and rural neighborhoods threatened with the losses of their local post offices under the USPS’s planned closures.

For example, forcing lower income disabled city dwellers to travel longer distances get their mail order medicines amounts to a serious cutback in benefits, if not just raw mean-spiritedness.

As does depriving people living in sparsely populated areas from the one institution that has always kept them connected to the country if not the world since the 1700s.

Maybe this is why so many people in power apparently want to get rid of, downsize, or at least seem reluctant to save the USPS.

Congress created many of the postal service’s financial woes in 2006 when it required the USPS to prefund future retiree benefits to a tune of at least $5.8 billion a year. While this is not the only cause of the postal service’s deficit, it remains a large chunk.

So far, Congress been unable and, to a large degree unwilling, to fix the USPS’s fiscal problems.

To better understand the some of the thinking here, it might be useful to look at the arguments to privatize Social Security which former President George W. Bush regretted not being able to do http://www.illinoistimes.com/Springfield/article-11344-george-wrss-$250-million-can-of-whitewash.html

To this day, the patently false blather and rhetoric about the financial instability of Social Security drones on incessantly. Meanwhile, various parties keep trying to water down Social Security even in face of widespread popular opposition that, by the way, h isn’t going away any time soon.

Unlike Social Security, the USPS does continue to face dire financial problems, reporting a net loss of $1.9 billion for the second quarter ended March 31

http://about.usps.com/news/national-releases/2013/pr13_051.htm.

It’s obvious to everybody that letting the USPS continue on its current path is going to come back and bite us all in the hindquarters.

And we’re not just talking about ordinary people but business, too.

Advertisements
This entry was posted in postal finances, U.S. Postal Service. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s