This is a short post to apologize to Steven the postal worker gathering signatures to save the Post Office from cuts at OWS today. Sorry, I screwed up the audio in your video again. I promise to get it right the next time I see you. Please leave any information you want to get out there in the comments.
Congress passed the Postal Accountability and Enhancement Act of 2006 (PAEA). Under PAEA, USPS was forced to “prefund its future health care benefit payments to retirees for the next 75 years in an astonishing ten-year time span” — meaning that it had to put aside billions of dollars to pay for the health benefits of employees it hasn’t even hired yet, something “that no other government or private corporation is required to do.”
As consumer advocate Ralph Nader noted, if PAEA was never enacted, USPS would actually be facing a $1.5 billion surplus today