Re: “Postal Service wants to increase price of stamps to 49 cent” (TNT, 9-26).
No one seems to want to explain why the U.S. Postal Service is described as having financial difficulties which can only be “somewhat cured” by a postal rate increase.
The Postal Accountability and Enhancement Act of 2006 mandated that the USPS pre-fund the health-care benefits of future retirees, a 75-year liability, over just a 10-year period. No other government agency or corporation has ever been required to do anything like this.
The government bean counters determined that the USPS was required to pay $5.5 billion …