A Manufactured ‘Crisis’: Congress Can Let The Post Office Save Itself Without Mass Layoffs Or Service Reductions

A Manufactured ‘Crisis’: Congress Can Let The Post Office Save Itself Without Mass Layoffs Or Service Reductions: pBoth the news media and a number of politicians have claimed recently that the U.S. Postal Service (USPS) is in “crisis,” and that it is necessary to lay off thousands of workers or reduce service in order to make the post office fiscally stable. And the Post Office itself has proposed laying off as many [...]/p

"By June 2011, the USPS saw a total net deficit of $19.5 billion, $12.7 billion of which was borrowed money from Treasury (leaving just $2.3 billion left until the USPS hits its statutory borrowing limit of $15 billion)."

It’s up to Congress to act to allow the Post Office to save itself, lest it become a victim of a crisis that Congress itself manufactured.