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Good question.
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this post was submitted on 17 Nov 2023
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A Boring Dystopia
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Meanwhile people are concerned that the post office isn’t turning a profit.
Which has never made sense to me. It's a government service. It's not supposed to be profitable. It just needs to be affordable and reliable.
And yet they used to turn a profit. Until Republicans passed a law requiring them to prefund retirements for 75 years out with the USPS Fairness Act. Fairness Act, which imposes this burden on the USPS while no other federal agency (or private business) is required to prefund retirement benefits...quite fair.
This has been revoked recently, we no longer are required to prefund the plan. One good thing DeJoy has actually done.
It hasn't been beneficial in terms of us getting a raise or anything since there hasn't been a contract with the NALC in almost 2 years now but I'm sure it shows in the now 66¢ cost of a stamp (price may be more by the time I press send on this message).
If I'm reading this article (or this one) correctly the USPS Fairness Act was the thing that stopped the need to prefund retirements. The one you're thinking of is apparently called the Postal Accountability and Enhancement Act.
"People" aren't. It's regressives that are trying to disenfranchise mail in voters. Then they put a regressive in charge of the USPS who is trying to run it into the ground so they can be like "oh gosh look how bad it is!"
Republicans want to privatize every public work. USPS isn't supposed to turn a profit. It's supposed to be a public good that is sold at cost so we all benefit. It used to be subsidized.
Republicans want to turn it into a new industry a la UPS, FedEx, etc, so it'd cost way more to send a letter. The love of money is the root of all evil. It's also the root of the Republican party.
For anyone interested in the history of that ideology and its consequences, Naomi Klein's Shock Doctrine is great.