Recent Hearing to Stop USPS Bleed Out

This article outlines the current situations with the United States Postal Service and a recent hearing that was held to consider which options going forward can be used to stem the almost 5 billion dollars per year that the service is losing. House Democrats are asking the Postmaster General for steady attrition rather than whole sale layoffs while Republicans are begging for an instant lowering of the head count. This article states that many employees will be offered a $25,000 early buy out. It also says that one of the main factors in the USPS' current loses was the mandated prefunding of retirement health care costs.

There also is a Senate bill full of fixes that is set for debate but this particular article does not go into very much detail of the Senate Bill's content.

It will be interesting to see which members support what fixes considering that in some districts USPS has large scale operations that employee many people. In other lightly populated areas there is the possibility that USPS may be the only game in town. Ideology will also clearly play a roll in M.C.'s stances on these approaches as the article outlines.