Last month, House Oversight Committee Chairman Darrell Issa (R-Calif.) released a draft of his Postal Reform Act of 2013, a sweeping plan to save the troubled United States Postal Service. Normally I would react to this with all the enthusiasm I muster for a root canal, but the implications are daunting.
According to its own “Five Year Plan” released this past April, the United States Postal Service lost $15.9 billion last year despite reducing its career employees by 24% in the last six years. Between 2007 and 2012 alone, mail volume has declined 25% and revenue is down 13%. There were lots of other facts and figures in the report, but it was 36 pages long and I’d just gotten the new issue of Sports Illustrated in the mail. Basically, the report states that the 2006 Congressional mandate to pre-fund retirement for all its employees (unlike any other government department) has crippled its budget. It also may have listed the “Hottest Wives and Girlfriends of The NFL,” but that could have been something else I read.