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Watchdog Report Paves Way for Postal Service Reform

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On January 27, the United States Postal Service (USPS) hiked up the price of First-Class Forever stamps from 50 to 55 cents, the largest percentage increase in stamp prices since the Civil War. Postal leadership hopes that these increases will help mask historic net losses - most recently, $3.9 billion in fiscal year 2018. The USPS insists that their gargantuan financial issues were caused by Congress, specifically a mandate passed in 2006 that required the agency to set aside money ahead of time for workers’ retirement obligations.

A new report by the Taxpayers Protection Alliance (TPA) shows that USPS management can save more than $3.3 billion each year by curtailing waste and reforming its pricing system. TPA also demonstrates that, contrary to the USPS’s claim that it takes no taxpayer money, the agency receives more than $3.6 billion annually in tax expenditures from federal and state governments. With all of the USPS’s resources and reform opportunities, there is simply no reason for large losses to continue.

In assessing its issues, the USPS likes to blame everything and everyone else for its fiscal woes. In reality, a permissive culture and poor documentation lead to poor behavior, contributing to the USPS’s mammoth financial problems.........

© Townhall