Target: US Congress
Goal: Eliminate a bogus accounting requirement which is forcing the USPS into default
The U.S. Postal Service faces a serious risk of defaulting and being shut down. It has the difficult mission of delivering mail anywhere in the U.S. for a single price, including isolated areas where it loses money. For many years, it has been squeezed by declining revenue- a combination of the recession and technology which has replaced many traditional mail services. It now has a budget deficit of $9.2 billion, and it may be shut down entirely unless it can reduce the deficit.
In order to close this deficit, the USPS is considering very painful budget cuts, which include (according to The New York Times) “eliminating Saturday mail delivery, closing up to 3,700 postal locations and laying off 120,000 workers — nearly one-fifth of the agency’s work force- despite a no-layoffs clause in the unions’ contracts.” These cuts would inconvenience everyone, but they would devastate any rural community which relies on the USPS for mail service.
Despite the tough challenges that the USPS faces, its real finances are actually quite sound. Its revenues match its expenses, as they have for many years, and it receives no tax revenue at all. This is a phony crisis, engineered by changing accounting rules that force the USPS to pay for health care and retirement benefits that won’t be due until long in the future. It is being required to pre-fund 75 years of health-care benefits for its retirees by the year 2016. This is an absurdly strict requirement, one which most private companies would have no hope of meeting.
This country needs a functioning postal service. Despite its challenges, the USPS functions very well, and it should not be sacrificed because of accounting tricks. Sign this petition to tell Congress to drop its crippling accounting requirement for the USPS.
Dear U.S. Congress,
The U.S. Postal Service has an extremely difficult task- to deliver mail everywhere in the U.S. at a fixed price, including isolated rural areas where it loses money. Many rural areas depend entirely on the USPS for mail service. In recent years, it has also been squeezed by declining revenue, both from the recession and from new technologies which replace traditional mail service.
So far, it has met these challenges, and continues to fulfill its services with a balanced budget and without any funding from the federal government. However, it is currently faced with a $9.2 billion budget deficit, which may force the USPS to default or cut back drastically on service.
The USPS is financially sound. The cause of this deficit is an absurd accounting rule that requires the USPS to pre-fund health benefits for its retirees 75 years into the future. We ask that you ease or eliminate this requirement, so that the USPS can continue delivering its vital service to the nation. We cannot allow the USPS to default because of phony accounting rules.
[Your Name Goes Here]