Summary
Donald Trump is considering privatizing the US Postal Service due to its financial losses, a move that could disrupt shipping and push hundreds of thousands of federal workers out of government.
Citing the USPS’s financial losses, Trump argued the agency should not rely on government subsidies.
While his specific privatization plans remain unclear, Trump previously clashed with the USPS during his first term, attempting to shift control of key functions like labor relations and rate-setting to the Treasury Department.
This move could significantly alter the structure and operations of the USPS if implemented.
Further reading: https://www.nalc.org/news/the-postal-record/2022/may-2022/document/Postal-reform.pdf
I skipped to the part about 2003 - if my reading comprehension is right, USPS was in the black. When congress noticed, they made financial magic by using the pension funding mandate to help hide how bad the federal deficit had ballooned during that administration? This is such political theater.
Yeah, I consulted chatgpt for sources on the history behind why that 75-year funding requirement was enacted. The other link it gave me was this: https://www.epi.org/press/news_from_epi_retiree_health_pre-funding_is_primary_cause_of_usps_shor/
Was there a better reason Pension Funding was even brought up as an issue worth legislating for? Was there some scare trend of businesses scamming people out of their pensions? Source?