On the recordApril 23, 2012
I just want to say briefly, thanks to my friend from Tennessee not just for his kind words, which mean a lot to me, but for coming to the floor to discuss his amendment. There are different points of view about this issue. I think, as I said very simplistically at the beginning of the debate, some think our bipartisan committee bill does too little. Some think it does too much. I think we have hit the right common-ground spot. And I repeat what I said earlier in the day: There is some due process in this. We don't allow for what might be called shock therapy for the Postal Service because we don't think it will work, and we think it would have the net effect of diminishing the revenues of the Postal Service by cutting business. But here is the report we received today from the U.S. Postal Service itself, just to indicate to my friend from Tennessee and others who may be following the debate. This substitute bill of ours, S. 1789, is not just fluff. The Postal Service itself estimates that over the coming 3 years; that is, by 2016 fiscal year, our bill, if enacted, will enable the Postal Service to save $19 billion annually. They were hoping for $20 billion, but $19 billion is pretty close.…





