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PEN: The following is contained within President Obama’s 2013 Budget Proposal.
Provide Postal Service Financial Relief and Undertake Reform
The Administration recognizes the enormous value of the U.S. Postal Service (USPS) to the Nation’s commerce and communications, as well as the urgent need for reform to ensure its future viability. USPS faces long-term, structural operating challenges that have been exacerbated by the precipitous drop in mail volume in the last few years due to the economic crisis and the continuing shift toward electronic communication. Bold action is needed to ensure that USPS can continue to operate in the short-run and achieve viability in the longrun. To that end, the President is proposing a comprehensive reform package that would:
1) restructure Retiree Health Benefit pre-funding in order to accelerate moving these Postal payments to an accruing cost basis and reduce near-year Postal payments;
2) provide USPS with a refund over two years of the $10.9 billion positive credit balance in Postal contributions to the FERS program;
3) reduce USPS operating costs by giving USPS authority, which it has said it will exercise, to reduce mail delivery from six days to five days starting in 2013;
4) allow USPS to increase collaboration with State and local governments; and
5) give USPS the ability to better align the costs of postage with the costs of mail delivery while still operating within the current price cap, and permit USPS to seek the balance of the modest one-time increase in postage rates it proposed in 2010. These reforms would provide USPS with over $25 billion in cash relief over the next two years and in total would produce savings of $25 billion over 11 years.
Read Entire 2013 Budget Proposal (Large PDF file)
Please do something soon! I work as a rural carrier and wonder what would happen to unemployment figures if postal service goes under. Not only affecting postal employees, but trucking companies, etc. that supply service to postal operations . The postal service going out of business would devastate the economy.
Obama just won my vote.
Did you say Rural Carrier and work in same sentence….oxymoran!
Obama will destroy the post office just like he is destroying our great nation. Never before have we witnessed such blatant disregard for our freedom and liberty. We are witnessing a calculated assault on all things American.we must vote this man out of office and send him back to whatever burg he sprang from.
Here ya go, Waco. Have another glass of this Kool-Aid…stop listening to the real nut jobs on AM radio.
Waco (or is it whacko?), exactly what freedoms or liberties have you lost since obama has been in office? NONE, that’s how many! The only ones in D.C. stripping americans of freedoms/liberties are the mysoginistic GOPs in congress.
PEN: Please repost using caps only where required. Thank you for your participation.
OBAMA IS CORRECT……
PEN: Jose – thanks for participating. Please repost using caps only where required. Thank you.
TRACY FAULKNER——THE POST OFFICE IS NOT GOING TO ……..
If you are ready to retire please do. Save someone else s job! If you can not see where this administration has gone wrong than I guess you have everything you want. I see my primary care doctor struggling to live up to new federal regulations and many more regular doctors closing their practice. I see the federal government trying to control every aspect of our lives. Thanks for the payroll tax cut, that should more than cover our extra expense at 5$ a gallon. I see the APWU asking workers to stand up and where are they exactly, with the UAW. Letting workers lose their jobs, benefits, pension so the company can make 7 billion dollars in profit. WAKE UP!