On the recordJanuary 31, 2012
I want to say a word about an issue I think has not gotten the kind of attention it deserves here in Washington or even among the general public; that is, the situation regarding our Postal Service. Right now, for a number of reasons, the Postal Service is facing financial difficulties. No. 1, it is no secret to any American that first-class mail has declined significantly because the American people are using e-mail and not first-class mail, and that decline in first-class mail has significantly impacted the revenue for the Postal Service. Second of all, not widely known is the fact that the Postal Service, every single year now, because of legislation passed in 2006, is forced to come up with $5.5 billion--every single year--for future health retiree benefits. To the best of my knowledge--and to the best of the knowledge of anybody whom I have talked to--there is no agency of government forced to come up with anything near this kind of onerous requirement, nor is any corporation in the private sector doing that as well. So the issue we face is whether we are going to save the U.S.…





