That act manufactured a financial crisis by compelling the Postal Service to pre-fund all retiree health care costs, 75 years into the future—for workers not even born yet. The GOP-led Senate has no plans to take up the bill and the White House issued a veto threat on Friday saying USPS doesn't need a $25 billion bailout. The legislation specifically bans reducing service hours at postal facilities, decommissioning mail sorting machines and removing community mailboxes. USPS also runs a massive retail operation in the form of 31,000 post offices and another 4,000 contractor-run mail shops, each with their own overhead costs. "The USPS is on an unsustainable financial path and must be restructured to prevent a taxpayer-funded bailout," the executive order stated. Likewise, USPS must be self-sustaining, and not funded by the taxpayers. All rights reserved. Except that the post office is taxpayer-funded: Democrats and U.S. But the USPS is the only one required to pre-fund retiree health care benefits. Technically Planned Parenthood does not receive checks from the US Gov with “abort ’em all!” written in the memo line. Together, they have waged a campaign to disrupt the timeliness of mail delivery and erode public confidence in the Postal Service that -- if successful -- would be "the largest voter suppression in American history since Jim Crow," Connolly said. Welcome to USPS.com. "Like the Russia hoax and impeachment sham, the Democrats have manufactured another scandal for political purposes," said Rep. James Comer, R-Ky. Rep. Debbie Lesko, R-Ariz., said Democrats are using the Postal Service to gin up "a new Trump conspiracy theory" even though the president doesn't control the postmaster general. While USPS is a government agency with federal employees, it doesn’t get taxpayer money and instead depends on commercial activities like selling postage, products and services to … The American postal service is on the verge of default. Troy Balderson, Steve Stivers, David Joyce and Mike Turner; Illinois Reps. Michael Bost and Rodney Davis; Rep. Vern Buchanan of Florida, Missouri Reps. Sam Graves and Ann Wagner; Rep. Brian Fitzpatrick of Pennsylvania; Rep. Jaime Herrera Beutler of Washington; Texas Reps. Will Hurd and Michael McCaul; Michigan Rep. Fred Upton, New Jersey Reps. Jeff Van Drew and Chris Smith; New York Reps. John Katko, Peter King, Elise Stefanik and Tom Reed; Rep. Doug LaMalfa of California; Rep. David McKinley of West Virginia; Rep. Pete Stauber of Minnesota and Rep. Don Young of Alaska. "Then fight the $51 million unasked for Ballots. Prefunding is a prudent measure to protect employee’s earned benefits and taxpayer money. "If anyone should know, it should be the chairwoman of this committee who had to wait six weeks after the Election Day to get the results of her election," said Rep. Jim Jordan, R-Ohio, who dismissed the House legislation as a political "charade. President Donald Trump said Thursday that he opposes much-needed funding for the United States Postal Service because he doesn't want to see it used for mail-in voting this November. New York Magazine national correspondent Gabriel Debenedetti joins "CBS This Morning: Saturday" to discuss the politics of the week, including the … The funding was initially included in the $3 trillion coronavirus relief bill the House passed in May, but the HEROES Act died in the GOP-controlled Senate. The budget status of the U.S. The United States Postal Service is one of our government's oldest and most reliable entities. ", "Imagine what the Democrats want to do -- throw live ballots out there to everyone.". The House of Representatives on Saturday passed a $25 billion funding infusion to the U.S. The USPS, the US Postal Service, is not subsidized by taxpayers. 3 … Postal Service during COVID-19 and the upcoming elections, Aug. 21, on Capitol Hill in Washington. The agency I describe is, of course, not some utopian bureaucracy but the actually existing United States Postal Service (USPS). It was one of the original functions of Government, mentioned in the Constitution. Leftists are just groupthinkers. Rep. Carolyn Maloney, D-N.Y., chair of the House Oversight Committee, produced a new internal Postal Service document on the House floor Saturday that she says revealed a significant drop in service standards at the Postal Service since DeJoy implemented changes. As the New York Times is reporting, “at the direction of a Trump campaign megadonor who was recently named the postmaster general, the service has stopped paying mail carriers and clerks the overtime necessary to ensure that deliveries can be … Postal Service reported a financial loss Tuesday for the 11th straight year, citing declining mail volume and costs of its pension and health care obligations even as it predicted another strong holiday season of package deliveries. Democrats point to growing concerns from constituents over mail delays coinciding with postal changes on DeJoy's watch. The bill would prohibit any limits on overtime pay, hiring freezes, delaying mail service and treating election mail as anything less than first-class mail. Republicans dismissed the Democrats' election concerns as "conspiracy theory." 4 Affordability. The U.S. The reality is that the Postal … In an Aug. 13 interview, Trump admitted that he opposes a coronavirus pandemic relief bill crafted by the House Democrats because it includes funding for the U.S. … The AFL-CIO liars have deliberately confused two things: (1) having a regular budget from taxpayers and (2) being taxpayer-funded. Groupthink gives them power as individuals because that way people cannot force them to obey the obvious reality and they can do whatever they want, Garden of Eden style. "Vote NO to the Pelosi/ Schumer money wasting HOAX which is taking place now," Trump tweeted. Republicans and the White House said the $25 billion isn't needed and they took special issue with the language that blocks DeJoy from implementing any reforms at an agency that is losing money. Both social media giants locked the accounts of members of the media, members of the Trump administration, and others when they tried to share […], We are an independent non-profit alliance of doctors, nurses, healthcare professionals and staff around the world who have united in the wake of the Covid-19 response chapter to share experiences with a view to ending all lockdowns and related damaging measures and to re-establish universal health determinance of psychological and physical wellbeing for all humanity. Under mounting pressure, a noisy protest at his Washington home and alarm over the removal of blue collection boxes in communities, DeJoy on Tuesday announced he was putting a pause on any service changes until after the election. … Use our quick tools to find locations, calculate prices, look up a … ©2021 FOX News Network, LLC. You've successfully subscribed to this newsletter! (Associated Press). Prefunding is a prudent measure to protect employee’s earned benefits and taxpayer money. According to 2016 data, the two postal pension plans are 93% funded with combined assets of $286 billion. You could be forgiven for thinking that the USPS exists entirely as a socialist-style diversity subsidy program based on its diversity propaganda: Our commitment to diversity is unwavering. The U.S. Postal Service (USPS) recently closed its books for the 2019 fiscal year, and things aren’t looking so good as it heads into 2020.USPS has a whopping $120 billion in pension and other post-employment unfunded liabilities.That’s an amount equal to the GDP of Ukraine. Not receiving your mail in a timely fashion hits home. UPS and FedEx pay the Postal Service to deliver hundreds of millions of their ground packages, and USPS pays UPS and FedEx for air transportation. Revenue. We will not stand for this. Postal Service lost money in six out of the 10 years from 2001 through 2010, according to its financial reports. Trump tweeted Saturday his opposition to funding for the Postal Service and linked it to his objections to universal mail-in voting. Participation in national events included the Diversity Military World Expo (Washington, DC), NAACP National Convention (New York), National Urban League (Chicago), National Council of La Raza Conference (Chicago), U.S. Hispanic Chamber of Commerce National Convention (Denver), Federal Hispanic Career Advancement Summit (Washington, DC), Gay Lesbian Bisexual Transgender Expo (New York), and the Organization of Chinese Americans National Convention (San Francisco). Quotes displayed in real-time or delayed by at least 15 minutes. Washington Post’s Michelle Lee weighs in on ‘America’s News HQ.’. The Postal Service board requested the $25 billion in funding from Congress earlier this year and Democrats agreed. Legal Statement. the usps predates America and its meant to be a public service. This is the same scam that the Left ran on Planned Parenthood. Earlier this week we dealt with the popular belief that because the US Constitution mentions post offices, it would take a constitutional amendment to eliminate or privatize the USPS. But Democrats said DeJoy paused the changes only because he "was caught red-handed" and argued the emergency legislation was needed to bar him from undermining mail delivery and the 2020 election. Franklin Significant financial losses result from a legislative requirement that the Postal Service pre-fund its retiree health benefits.. PELOSI RIPS TRUMP FOR TRYING TO 'SCARE' VOTERS: 'DON'T PAY ANY ATTENTION TO WHAT THE PRESIDENT IS SAYING'. “Retiree health care benefits and pensions are two different things. WHITE HOUSE ISSUES VETO THREAT TO $25B USPS FUNDING BILL. In July, the U.S. Department of the Treasury and the Postal Service reached a deal on a loan of up to $10 billion. Postal Service (USPS). In this image from video, U.S. Postmaster General Louis DeJoy testifies during a video virtual hearing before the Senate Governmental Affairs Committee on the U.S. Now, it serves as another sinecure for second-world (Italian, Irish, Slavic) and third world (African, Asian, Hispanic) people who are stealing from the mail just as they did in their home countries. How is the USPS funded? “This is a post office and it should be secure. Postal Service has been a matter of both contention and confusion since the 1970 Postal Reorganization Act (PRA) put the Postal Service on a self-sustaining basis, exempting it from general budget and funding laws … August 15, 2020, 5:02 AM. The Post Office is calling for more federal cash and, again, blaming unreasonable retirement funding requirements. "The greatest threat to democracy in the country is the current majority in the House of Representatives," he said. The US postal service (despite quibbles by some) is a “quasi-governmental" organization. This is not a conspiracy theory. Finally, Shapiro points out that the USPS pays its workers salaries and benefits far above the rates paid to similar workers in the private sector. The Postal Service is a self-sufficient agency and is not funded by appropriations.Achieving net income — the difference between total revenues and costs — is essential to its continued ability to provide affordable universal service. Donald Trump admitted on Thursday he opposed additional funding for the United States Postal Service (USPS) in order to make it more difficult to deliver mail-in ballots. I mailed our office rent check and a check for our copier and neither one of them have shown up yet,” Meyer said. At this point, one is tempted to agree with Trump: defund the postal service entirely and, like people in the third world, rely on private delivery to get your letters and packages to their intended destinations because you cannot trust third world government employees. Now in Myth-and-Fact format, an explainer on why pension funding requirements don't have anything to do with the USPS's current woes. Congress can and does pass laws on its operation. On July 26, 1775, the U.S. postal system is established by the Second Continental Congress, with Benjamin Franklin as its first postmaster general. Market data provided by Factset. The Postal Service, which employs 650,000 people, is asking for $75 billion in aid from the government, and, according to The New York Times, another $14 billion to pay off debt related to a retirement benefits program ― a whopping $89 billion total. Download. The final CARES Act legislation provided USPS with a $10 billion loan while the calls for a much larger handout have continued unabated. The company, nonetheless, isn’t funded by tax {dollars} — it as an alternative “depends on the sale of postage, merchandise and companies to fund its operations,” in response to its web site. In the 1980s, the postal service was cut off from federal funding… The 2017 loss came after a double-digit increase in package delivery was unable to offset drop-offs in letter mail, which makes up more than 70 percent of total postal revenue. Even more, the quality of USPS service continues its downward stroke as the usual third world corruption kicked in as WASP workers got replaced with neo-whites and ethnics: Janet Meyer says in the past few months she’s had several pieces of mail disappear after dropping them off at the mailbox outside the post office in the 2800 block of Timmons Lane. The Delivering for America Act would infuse the post office with $25 billion, reverse the service changes that DeJoy enacted this year and prevent the Postal Service from taking any measures that could slow down the mail until after the coronavirus pandemic or Jan. 31, 2021 -- whichever is later. According to 2016 data, the two postal pension plans are 93% funded with combined assets of $286 billion. For one, unlike other government agencies, the USPS is not allowed to receive taxpayer funding, and instead must rely on revenue from stamps and … Rep. Stephen Lynch, D-Mass., said American democracy is more endangered now than during the Sept. 11 terrorist attacks because the country is more divided and the threat is coming from within. They want to believe in the group because it is an alternative to reality. Others have reported a similar problem to KPRC 2. The $2 trillion coronavirus stimulus package signed into law provides no funding for the U.S. a hiring program for minorities and pays out generous pensions It accrued $120 billion in pension and other post-employment unfunded liabilities as a result. Mutual Fund and ETF data provided by Refinitiv Lipper. And, they can only charge what Congress allows; increases require approval. The USPS loses money, but cash flow has been more stable. The Trump administration has launched an all-out assault on the United States Postal Service (USPS). For years, the USPS was the only federal agency required to pre-fund future retiree health benefits. The Postal Service is funded by the users of the mail and package services, most of whom are U.S. citizens or companies and organizations that employ U.S. citizens. The United States Postal Service, currently being hit hard as letter-mail volume plummets during the COVID-19 pandemic, is in need of rapid emergency funding. This is fascism. It is part of the federal government, but it has been an independent agency since 1971. Adopting a traditional “pay-as-you-go” method would produce an average of $5.65 billion in additional cash flow per year through 2016.. He said the process of removing blue mail boxes and sorting machines started back in 2011 and the Postal Service has "more than enough money in the bank account.". This material may not be published, broadcast, rewritten, countless people rely on usps on a daily basis. (US Senate Committee on Homeland Security & Governmental Affairs via AP). In the 1990s, you could count on the USPS to deliver your mail without it getting stolen. Management at the United States Postal Service ... that provoked a powerful national strike by postal workers. Only later, when the mixed-ethnic millennials arrived did the crash begin. DEMS HIT HOUSE REPUBLICAN FOR DENYING USPS DELAYS, White House Chief of Staff Mark Meadows said Trump "at no time has instructed or directed the Post Office to cut back on overtime, or any other operational decision that would slow things down." That number would be even larger if it weren’t for direct mailings, which now constitute 52 percent of mail volume, up from 38 percent in 1990. Labor accounted for 78% of the … And with this pre-funded healthcare policy, the USPS paid between $5.5 and $5.8 billion a year to cover it. Like other industries during the global coronavirus pandemic, the United States Postal Service is facing detrimental financial losses . 21 percent of employees are African-American; 8 percent are Hispanic; 8 percent are Asian-American/Pacific Islander; and 0.67 percent are American Indian or Alaska Native. Democrats have pushed for $25 billion in USPS funding, an amount Speaker Nancy Pelosi (D-Calif.) said Thursday was recommended by the agency's board of … USPS has since pushed back that forecasted date to March 2021. Not receiving your prescriptions, especially for our veterans, hits home in a way that is harmful to our country.". ©2021 FOX News Network, LLC. But the story's more complex than that. It is the government operated mail delivery system. The House is set for a rare Saturday session to pass legislation to halt changes in the Postal Service and provide $25 billion in emergency funds. Revenue from direct mail “is the financial underpinning of the Postal Service—it could not survive without it,” says Michael Coughlin, former deputy postmaster. For example, FedEx is 84% funded while UPS is about 76%, Interesting to note that UPS suffered a 14% drop from the 2013 level. The United States Postal Service (USPS; also known as the Post Office, U.S. Mail, or Postal Service) is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, including its insular areas and associated states.It is one of the few government agencies explicitly authorized by the United States Constitution. The mail delivery service might have to shutter by June 2020 as a result. Rep. Jody Hice, R-Ga., shot back that Democrats are doing the damage to America. In comparison to the national public pension plan funded ratio average of 73 percent, USPS’ roughly 87 percent funding level for both systems might look good. These events make customers, suppliers, and employees aware of the deep roots of the Postal Service in every American community. Since 2006, First Class mail has declined by 44 percent, the GAO found, but the number of postal workers has grown during the same period of time. The mail delivery service might have to shutter by June 2020 as a result. Like welfare, the Post Office is a subsidy program. The White House is pushing for a congressional compromise on U.S. Because diversity affects our return on investment and because it is the “right thing to do,” diversity will continue to be valued and recognized as key to our success in serving every community in America. Twitter and Facebook launched a massive censorship campaign on Wednesday to squash the New York Post story proving that Joe Biden met with son Hunter’s crooked Russian and Ukrainian business partners. It’s no surprise, then, that Congress has started looking for ways to remedy this. It is self funded through sale of stamps, postage, and supplies. DeJoy rejected that any political motives were at play, but told a Senate panel on Friday there has been a slowdown. "Public sentiment is everything," Pelosi said. The U.S. USPS officials have not said they need additional funding to deliver mail-in ballots this fall. However, much of their funding comes from taxpayer dollars, even if eckshually it goes to non-abortion procedures. How is the USPS funded? ', Michael Goodwin: I'm ignoring Biden's 'unity' talk, here's why you should, too, DOJ IG investigating whether officials tried to overturn 2020 election, Hawley calls for ethics investigation into Dems who filed complaint against him. You could make money off of direct mail when you had a huge nation of prosperous consumers. As of 2019, USPS has funded 87.2 percent of CSRS and 86.9 percent of FERS liabilities. But 89 percent of consumers say in polls that they’d prefer not to receive direct-marketing mail; 44 percent of it is never opened. The budget status of the U.S. Republicans took a couple of shots at Maloney during the debate, pointing to her primary race in New York City, which took weeks to call as election officials struggled to count mail-in votes. The United States Postal Service (USPS; also known as the Post Office, U.S. Mail, or Postal Service) is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, including its insular areas and associated states. By the end of the decade, the semi-independent government agency's losses had reached a record $8.5 billion, forcing the Postal Service to consider seeking an increase in its $15 billion debt ceiling or face insolvency. Right now, the groupthinkers are raving on about the USPS, and they like to repeat the common lie that the USPS is not taxpayer-funded: Still, that persistent myth—that the Postal Service is a burden to taxpayers—is precisely the false narrative that led Congress to pass the 2006 Postal Accountability and Enhancement Act. […], common lie that the USPS is not taxpayer-funded, hiring more people even as demand went down, the USPS exists entirely as a socialist-style diversity subsidy program, USPS disproportionately hires third-world-origin people, made much worse by the transition to spam, Twitter/Facebook Run MASSIVE Campaign to Censor ‘NYPost’ Story Proving Joe Biden Met with Son’s Russian Business Partners, SOTT FOCUS: World Doctors Alliance: Open Letter to UK Government, World Governments and Citizens of the World, Latin American Economies Will See "Record-Breaking Contraction" This Year, The Global Supply Collapse Continues to Get WORSE: Shortages of Clothing, Appliances, Food, and Other Essentials, Etsy Shares Spike 9% To 52 Week Highs After Elon Musk Tweets "I Kinda Love Etsy", Ripple Signed 15 New Customers After SEC Lawsuit, Says Garlinghouse. President Donald Trump said Thursday that he opposes much-needed funding for the United States Postal Service because he doesn't want to see it used for mail-in voting this November. USPS is owned by the citizens of the United States, not by shareholders or private owners. But the systems were fully funded just a few years back (2013 for FERS and 2011 for CSRS). this is retarded. Powered and implemented by FactSet Digital Solutions. In their view, unless the taxpayers make yearly payments, the USPS does not receive taxpayer funds. The Postal Service is a self-sufficient agency and is not funded by appropriations.Achieving net income — the difference between total revenues and costs — is essential to its continued ability to provide affordable universal service. Powered and implemented by FactSet Digital Solutions. Rep. Gerald Connolly, D-Va., said DeJoy is "a crony and major donor of the president." Costs were low but quality was still high because of the Baby Boomer and Generation X WASPs still running things. I’m not sure how much the risk-factor may have played in … For the USPS, this crash has been ongoing through a drop in mail volume that was made much worse by the transition to spam: The beleaguered U.S. Legal Statement. This material may not be published, broadcast, rewritten, or redistributed. "Today the greatest threat to our democracy is the current administration," Lynch said of the Trump White House. This mandate transferred postal revenues to the U.S. Treasury and robbed the Postal Service of $5.6 billion a year over a 10-year period. The House of Representatives on Saturday passed a $25 billion funding infusion to the U.S. By Ethan Winter and Benjamin Rahn. 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