Fight Back! News

News and Views from the People's Struggle

saveusps

By staff

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Milwaukee, WI – The United States Postal Service (USPS) is in a state of crisis. Nearly 15 years ago, Congress forced the Postal Service into financial ruin through a mandate to pre-fund retiree benefits for 80 years in advance. Since 2013, this pre-funding mandate has accounted for 100% of losses. The mandate has been kept alive in spite of an independent audit which proved that for decades, the federal government had been using a flawed accounting method which caused USPS to overpay into federal pension systems by roughly $86 billion. No other company or government entity is forced to do this and the impulse behind it is clear- break the postal service, weaken postal unions, and sell off profitable parts of USPS.

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