Madam President, we are debating this bill today because the Postal Service is facing, as many of us know, a dire financial crisis that literally threatens its very survival. This is a crisis that has been building for some time. It is one that only Congress can fix at this point, and one that we absolutely must fix now, literally in a matter of weeks. Since the Postal Service was first established in 1971 in its current form, we have taken it for granted that our mail would arrive and that important business and personal correspondence would reach its destination. In addition, businesses, large and small, have come to rely on the mail to reach new customers and to communicate effectively with existing customers. The Postal Service has a presence in virtually every community of any size in our country, large and small. It supports a trillion-dollar mailing industry that creates and sustains millions of private sector jobs--I am told as many as 8 million private sector jobs today. Unfortunately, a number of those jobs are at great risk today. They are at risk because those of us in Congress have, to date, proven unwilling or unable to come to consensus around a package of reforms that can update the Postal Service's network and business model to reflect the reality it faces today--if you will, to right-size the enterprise, much as the auto industry has right-sized its enterprise in the last 3 or 4 years.…
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