Postal Service asking for another taxpayer bailout
For an agency that claims it “generally receives no tax dollars for operating expenses,” the U.S. Postal Service (USPS) sure does like government subsidies. Despite receiving $120 billion in taxpayer-funded bailouts since 2020, the USPS is once again asking for more money. As Washington Post reporter Jacob Bogage notes in a recent article, Postmaster General Louis DeJoy and mailing industry officials have “asked the White House to send the Postal Service $14 billion, which would come from what the agency says is decades of overpayments into the Civil Service Retirement System.”
These appeals for more money ignore the real root of the USPS’ problems. The agency’s fiscal issues stem from a failed business model and lack of cost control. No amount of taxpayer dollars will fix the fiscal fiasco plaguing the USPS.
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