Dead Tree Edition--A Congressional panel heard the blunt truth today about how Congress' budget games have put the U.S. Postal Service on track to run out of money in September.
"Burdensome and flawed benefit payments have contributed to almost 90 percent of the $20 billion loss in the past 4 years," David C. Williams, Inspector General of the Postal Service, told the House Subcommittee on Financial Services and General Government. "This has raised the cost of the infrastructure, postage rates, and forced the Postal Service to incur debt." Read more!
"Burdensome and flawed benefit payments have contributed to almost 90 percent of the $20 billion loss in the past 4 years," David C. Williams, Inspector General of the Postal Service, told the House Subcommittee on Financial Services and General Government. "This has raised the cost of the infrastructure, postage rates, and forced the Postal Service to incur debt." Read more!
