Your View: Privatizing Postal Service is a bad idea
In 2006, a lame-duck Congress passed a deeply flawed and politically motivated bill mandating the U.S. Postal Service to pre-fund its retirement benefits 75 years into the future over a 10 year period at a cost of $5.5 billion a year.
Regrettably, there were those who thought placing this burden on the Postal Service during the country’s worst financial crisis since the Great Depression would lead to its downfall. But why? Why would anyone want to destroy an American institution, a federal agency rooted in our Constitution, an agency that faithfully delivers the mail to more than 150 million addresses every day, six days a week, and is fully self-supporting, requiring no taxpayer money? Why would anyone want to destroy a business that has been voted the most trusted federal agency for the past six years?
The answer: Greed. There are those in Congress, and those behind those in Congress, who view the Postal Service as a potential cash cow once it’s privatized.
That attempt in 2006 failed. But now the lame duck Congress of 2012 is attempting to finish what the one in 2006 failed to do. Rather than address the pre-funding mandate that accounts for 80 percent of the Postal Service’s losses, it is pushing for the elimination of Saturday mail delivery. This could happen with the passage of a fiscal cliff bill, even though the Postal Service adds nothing to the nation’s deficit. If successful, it will add 100,000 to the unemployment rolls and result in a downward spiral that will eventually end in its privatization.
A privatized postal service will be good news for its new CEO, executive officers and stockholders, but bad news for the American public. On that sad day, the postal service eagle will be replaced by a vulture.
The writer is editor of The North Carolina Letter Carrier, a publication of the North Carolina State Association of Letter Carriers.
YOUR VIEW POLLS
Our nation grieves again in the wake of a terrible tragedy. What is your reaction to the shootings in Newtown, Conn.? Sound off about any aspect of this horrific incident. In 30 words or less (no name, address required), email us your thoughts to firstname.lastname@example.org.
Congress is again considering replacing $1 bills with $1 coins to save money – estimated $4.4 billion over 30 years. What do you think? Would you use coins more if there was no $1 bill? In 30 words or less (no name, address required), email us your thoughts to email@example.com. Here are two responses:
• If it is cheaper for the government to make dollar coins, I think that is what they should do. Our family would like to see dollar coins replace dollar bills.
• Politicians should leave the $1 paper bill alone! They’ve already tried the coins. Besides metals cost more than paper. Goes to show you politicians have nothing to do! Something’s wrong.