USPS Untreated Like Decaying Infrastructure

For many years, the U.S. Postal Service has been bleeding to death financially and Congress–particularly the GOP-controlled House– has allowed this to go on without much thought to its likely consequences.

In its second       quarter ended March 31, the USPS reported a net loss of $1.9 billion and has already reached its borrowing limit of $15 billion

A sizeable chunk of this loss is taken up by the USPS’s annual obligation to pay at least $5.8 billion to cover the healthcare costs of future retirees. This would be a millstone to any entity forced to carry it.

Now the USPS is really gonna run out of money, having reached its borrowing limit and having no other ready sources of revenue, unless Congress acts soon.

The USPS’s predicament sickeningly resembles that of this country’s decaying physical infrastructure. Here the government won’t likely do anything until enough people drive off collapsing bridges or suffer some similar catastrophes and raise enough hell about it.

As far back as two years ago, the American Society of Civil Engineers estimated that  rotting roads,  bridges, railroads and the like are costing the country at least $129 billion a year, according to the Washington Post

Why is this happening?

One possible explanation is that the Republican-led House really does not want to accomplish anything unless it gets everything it wants in return, and possibly not even then.

This situation is so bad that former Sen. Bob Dole (R-KS) complained he no longer recognizes the Republican Party and warned in the New York Times that such intransigence will ultimately doom the GOP

What these elected officials don’t see, or more likely don’t want to see, is that the U.S. absolutely needs both the postal and physical infrastructures to survive and prosper in the years ahead.

How else can they and/or their constituents conduct business efficiently?

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

One Response to USPS Untreated Like Decaying Infrastructure

  1. Lynn N says:

    It is common knowledge that the United States is no longer the world leader in many aspects of modern life- our educational system, standard of living, medical care provision, etc. I guess some people, like for example, the tea-partiers, are oblivious to these facts, being blinded by ideology. And the Republicans in Congress, especially the House, pander to them. But it stand to reason that the majority of us regular Americans would like to be proud of our country for leading the world in these areas. Wouldn’t we? Who would willingly agree to live in a 3rd world country with collapsing bridges, unfixed potholed filled roads, decent health care only for the well-to-do, no postal service, etc? This is really becoming a country we don’t recognize.


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