Everyone loves to kick around the post office. With good reason it sometimes seems. Stamp prices are forever going up, but at odd numbers so you get stuck with one cent stamps left and right; the possible elimination of Saturday delivery, the litany goes on and on for a government service that loses money year after year.
There are multiple reasons for the post office’s woes, from mismanagement at the top to the same sorts of union-driven legacy pension costs that are killing the auto industry, to the Internet more or less killing letter writing as an art form.
So what do we do about it?
Chairman Darrell Issa, (R-Calif.), chairman of the House Committee on Oversight and Government Reform has a few ideas.
They’ll be doing a full markup on the the Issa-McCain-Ross Postal Reform Act of 2011, which Issa says is the only way to avoid a $70 billion taxpayer bailout of the Post Office and save the U.S. Postal Service.
Check out this video, and then learn more about the bill here: