Political Quotes

“I rise today to speak about amendment No. 2083, which I am offering to the bill that is before us. I think all of us know the U.S. Postal Service is absolutely not sustainable in its current form. Mail volume has greatly declined over the past decade and will continue to do so over the next decade. The U.S. Postal Service has known this for a long time. They knew that mail volume was declining and that the market for their products was changing. But the economic crisis made things far worse than they could imagine. Now the Postal Service is on the edge of financial ruin. But we didn't get here only because of the economic crisis; it is because the U.S. Postal Service's business model is fundamentally broken. The USPS lost $5.1 billion in this last fiscal year and $3.3 billion in the first quarter of the current year. I know some have tried to blame the requirement that the USPS prefund their retirement health benefits for the USPS's financial losses. But the fact is that these recent losses are not due to the prefunding requirement because Congress has allowed the USPS to delay this last year's payment. The U.S. Postal Service has also nearly reached its statutory borrowing limit. Faced with this situation, it is abundantly clear that the USPS must make radical changes in its existing infrastructure and business model.…”