On the recordNovember 2, 2011
today Senators Collins, Carper, Scott Brown of Massachusetts, and I are introducing bipartisan, compromise legislation to rescue the United States Postal Service, USPS, from financial ruin and secure its commercial health into the future. Five years ago, Senators Collins and Carper led Congress in the adoption of postal reform legislation. The speed of the migration to internet communications, combined with the recent economic downturn, means we need to revisit the Postal Service's financial viability again. This year, Senator Brown and I joined Senators Collins and Carper in proposing the 21st Century Postal Service Act. The Postal Service needs a fundamental restructuring of the way it meets its obligations to the public, to its customers--including individual and business mailers--and to its employees. If our reform legislation is adopted, we are confident this time USPS, which was founded in the 18th century, will survive and flourish into the 21st. Too many people still rely on the Postal Service for us to sit back and allow its demise. Despite a 22 percent drop in mail volume in four years, the Postal Service will deliver 167 billion pieces this year. It is the second largest private sector employer in our country after Wal- Mart and has 557,000 career employees. It has 32 thousand post offices, which represents more domestic retail outlets than Wal-Mart, Starbucks and McDonalds combined. The financial health of the USPS has been deteriorating for years.…





