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Trump’s privatization plan would destroy the Postal Service

August 7, 2018

: washingtonpost – excerpt

The post office has been woven into the fabric of American society since 1775, when the Second Continental Congress appointed Benjamin Franklin as the first postmaster general. Today, the U.S. Postal Service is the most popular government agency in the country, with a favorability rating of nearly 90 percent. But now, President Trump is apparently bent on destroying it.

This week, a task force created following an April executive order from Trump, is scheduled to deliver its recommendations for an overhaul of the Postal Service. Led by Treasury Secretary Steven Mnuchin and White House budget director Mick Mulvaney, the task force is expected to endorse the privatization proposal buried in the White House’s plan to reorganize the federal government — a radical assault on the administrative state…

Nearly all the agency’s losses over the past decade are attributable to a 2006 law requiring it to pre-fund retiree health benefits for 75 years, an onerous mandate that doesn’t apply to any other agency.

In April, potential 2020 presidential contender Sen. Kirsten Gillibrand (D-N.Y.) introduced a bill that would enable post offices to provide basic financial services, including check-cashing and small, low-interest loans, an idea that Sanders and Sen. Elizabeth Warren (D-Mass.) also support. This common-sense proposal — effectively a “public option” for banking — would benefit millions of Americans who are currently underserved by the financial industry… (more)

The one thing the US economy always had going for it was a reliable postal system that was the best in the world. You could count on your mail arriving safely overnight or within a day or two during a snowstorm. Few countries had anything close to our US Postal Service. Now we have a government that is bent on destroying the one most important element of the business that we had. I guess we deserve what we get for trusting a bankrupt rich dude to run our country.

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