The U.S. Postal Service is in crisis with poor service, soaring prices and losing large amounts of business, punctuated by a $6.5 billion loss last year, and about the same forecast for this year. That is bad news for rural America, small businesses and charities, and the many millions of Americans, including our veterans for delivery of their medications, reliant on the postal service every day. This unhealthy mix of skyrocketing prices, declining mail volume and mounting financial losses threaten USPS’s long-term survival.
To preserve a reliable, affordable postal system for everyone, Congress must act. Options include strategic investment of retirement funds, limiting price hikes, reclaiming overpayments to certain pension funds, strengthening regulatory oversight and confirming new postal governors – a blend of solution choices without resorting to a taxpayer bailout. We call on Sen. Thomas R. Carper to take action. The future of America’s postal system hangs in the balance.
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