Monday, September 05, 2011

The situation is dire...

Talk about burying the lead! The NY Times has a doomsday story about the postal service that sees it shutting down this winter "unless Congress acts," which I think we can safely assume means "unless Congress throws billions of taxpayer dollars into this sinkhole." It goes on to describe the heroic measures the postmaster general is taking to cut expenses, and even to point out that most of the USPS budget goes to salaries and benefits (80 percent, compared to 32 percent at FedEx). And that its health benefits are more generous even than those of most federal employees!

But not until the ninth paragraph do we come to the kicker: "Missing the $5.5 billion payment due on Sept. 30, intended to finance retirees’ future health care...."

That's not the weight of the world that you feel on your shoulders. It's the weight of all the unsustainable promises made by politicians to governmental employees over the years. Blue skies! -- Dan Ford


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