The Postal Accountability and Enhancement Act (PAEA)
The Postal Accountability and Enhancement Act (PAEA) of 2006 required the USPS to create a $72 billion fund to pay for the cost of its post-retirement health care costs, 75 years into the future.
The USPS operated in the black until Congress decided to saddle it with a crippling and devastating mandate that no other self funded and self sustaining business must adhere to. It was not broken until Congress tried to fix what wasn't broken. With the passage of this Act the USPS went from always operating in the black to operating in the red every single year since this mandate was imposed.
This Act has had no positive impact on anything but huge negative impacts on the USPS.
It has destroyed the Postal Service.
This destruction almost seems intentional.
If it wasn't intentional then it was incredibly stupid!
Congress broke the USPS!
How Congress Manufactured a Postal Crisis — And How to Fix it
Click on the link below to read the article.
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