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вЂњBuy stamps!вЂќ вЂњSend mail!вЂќ вЂњSave the postoffice!вЂќ scream a glut of colorful, well-designed Instagram articles. Over up up on Twitter, lots of people urge their supporters to #BUYSTAMPSNOW.
Make no error: to truly save the oldest service that is public the U.S., social media marketing actually, would like us.
ItвЂ™s a valid concern. A major donor to President Donald Trump and multi-millionaire, assumed the position of Postmaster General in June, Louis DeJoy. Nearly instantly, DeJoy revealed their want to alleviate the mounting financial obligation weighing along the usa Postal provider (USPS), including eliminating overtime pay and getting rid of mail sorting devices, which ignited issues on how a fractured mail solution could interfere using the future presidential election.
The USPS is mostly about $160 billion with debt вЂ” and вЂњfirst-class postage sales are not the problem,вЂќ claims James OвЂ™Rourke, a teacher of administration during the University of Notre DameвЂ™s Mendoza class of company.
WhatвЂ™s actually draining the postoffice, he claims, is a little-known, 14-year-old legislation that is been bleeding the agency dry considering that the Bush management.
The Postal Accountability and Enhancement Act, since itвЂ™s called, is just a 2006 bill that will require the postoffice to funnel $6.5 billion a year into retiree health care advantages вЂ” ensuring, basically, that the expense of healthcare for retired workers that are postal pre-funded for the following 75 years.
The mandate ended up being unprecedented. All federal agencies and state-owned enterprises (like Amtrak or Freddie Mac) have to pre-fund their retirement benefits and so the expenses are taken into account in their yearly spending plan. But hardly any other federal federal federal government agency, enterprise, or corporation that is private retiree healthy benefits that way, OвЂ™Rourke states. (more…)