On the recordApril 15, 2015
in the State of Vermont and I expect all over this country, especially in rural areas, what we have seen is a significant slowdown in mail delivery by the U.S. Postal Service. What this provision is about is the establishment of a deficit-neutral reserve fund which establishes a moratorium to prevent the shutting down of up to 82 mail processing plants all across this country. It is asking that we reinstate overnight delivery standards, undo what the Postal Service has done, that we protect rural services, and that we allow the Postal Service to innovate and adapt to compete in a digital age. The basic financial problems of the Postal Service are that they have to pay $5.5 billion every year in retirement benefits. That program already has $50 billion in its account. Do away with that, and the Postal Service will make a modest profit. The PRESIDING OFFICER. The Senator's time has expired. The Senator from Wyoming.
