According to National Association of Postal Supervisors President Ted Keating (writing in the Federal Times), "The U.S. Postal Service faces big problems. It could lose as much as $7 billion this year and even more in years to come. What to do? Most immediately, Congress should substantially correct the postal pension overcharge and responsibly credit the overpaid pension funds back to the Postal Service for payment of its future retiree health benefit obligations. That will put out the Postal Service's financial fire. Then Congress should do what needs to be done to update the wiring and the design of the Postal Service's business model. This will involve finding new ways to increase revenues and cut costs. But reducing delivery days immediately, when other steps are available, will only degrade the value of mail for households and the mailing industry, which use and rely upon the Postal Service. Reducing mail delivery days should be the last resort, not the first." Read the full article here.
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