PLEASE SAVE THE USPS!

Please Help Save the USPS!

While Congress has provided $4 billion in funding for private courier services like UPS and FedEx as part of the coronavirus bailout, it has provided no funding to the USPS.

Coronavirus is certainly bringing this crisis to a head, as the volume of mail has plummeted.  The most devastating blow to the USPS came in 2006, when Congress passed the Postal Accountability and Enhancement Act.  Among other things, this Act required the Postal Service to pre-fund the pension and healthcare costs for retirees for the next 75-years (for future employees who hadn’t even been born yet!). 

This Act also put price caps on first class mail and other services, and required that package delivery couldn’t be priced above its cost.  The year that this Act passed Congress, the USPS made a profit of $900 million; since then, the USPS has been losing money. 

The pricing restrictions and the billions of dollars required to fund the pension are why the USPS is operating at a loss today.

Thank you,

Margaret Cruz

Atlanta, GA