", "Imagine what the Democrats want to do -- throw live ballots out there to everyone.". Challenge . The House of Representatives on Saturday passed a $25 billion funding infusion to the U.S. "Like the Russia hoax and impeachment sham, the Democrats have manufactured another scandal for political purposes," said Rep. James Comer, R-Ky. Rep. Debbie Lesko, R-Ariz., said Democrats are using the Postal Service to gin up "a new Trump conspiracy theory" even though the president doesn't control the postmaster general. The USPS, by contrast, is charged with delivering to every home and business in America, no matter how remote. All rights reserved. This means that the USPS model, which was founded on the nice WASP consumer who actually read advertising mail and considered it, has gone the way of the dinosaur, and the taxpayers are being hit up to fund it. All rights reserved. That act manufactured a financial crisis by compelling the Postal Service to pre-fund all retiree health care costs, 75 years into the future—for workers not even born yet. ", HOUSE DEMOCRATS PUSH FORWARD WITH $25B POST OFFICE BILL, GOP DISMISSES RARE SATURDAY VOTE AS A 'JOKE'. Postal Service in a bill that also would reverse new cost-cutting measures and ban any efforts to slow down the mail until at least next year. This is not a conspiracy theory. Postal Service in a bill that also would reverse new … Twitter and Facebook launched a massive censorship campaign on Wednesday to squash the New York Post story proving that Joe Biden met with son Hunter’s crooked Russian and Ukrainian business partners. Prefunding is a prudent measure to protect employee’s earned benefits and taxpayer money. The White House is pushing for a congressional compromise on U.S. However, much of their funding comes from taxpayer dollars, even if eckshually it goes to non-abortion procedures. The Postal Service, which employs 650,000 people, is asking for $75 billion in aid from the government, and, according to The New York Times, another $14 billion to pay off debt related to a retirement benefits program ― a whopping $89 billion total. In this image from video, U.S. Postmaster General Louis DeJoy testifies during a video virtual hearing before the Senate Governmental Affairs Committee on the U.S. In the 1980s, the postal service was cut off from federal funding… The Postal Service is a self-sufficient agency and is not funded by appropriations.Achieving net income — the difference between total revenues and costs — is essential to its continued ability to provide affordable universal service. "Public sentiment is everything," Pelosi said. ©2021 FOX News Network, LLC. Postal Service (USPS). Significant financial losses result from a legislative requirement that the Postal Service pre-fund its retiree health benefits.. It is the government operated mail delivery system. As the New York Times is reporting, “at the direction of a Trump campaign megadonor who was recently named the postmaster general, the service has stopped paying mail carriers and clerks the overtime necessary to ensure that deliveries can be … You've successfully subscribed to this newsletter! Trump Opposes USPS Funding But Says He'd Sign Bill Including It President Trump on Thursday evening reiterates his interest in denying the U.S. President Donald Trump said Thursday that he opposes much-needed funding for the United States Postal Service because he doesn't want to see it used for mail-in voting this November. Technically Planned Parenthood does not receive checks from the US Gov with “abort ’em all!” written in the memo line. The United States Postal Service (USPS) is big. Postal Service is once again under attack by Republicans who want to bankrupt the Postal Service and allow private equity firms and global corporations to privatize the service, dismantle the agency, and profit further off of the American people. New York Magazine national correspondent Gabriel Debenedetti joins "CBS This Morning: Saturday" to discuss the politics of the week, including the … (US Senate Committee on Homeland Security & Governmental Affairs via AP). Like welfare, the Post Office is a subsidy program. SOLUTION. The Postal Service is a self-sufficient agency and is not funded by appropriations.Achieving net income — the difference between total revenues and costs — is essential to its continued ability to provide affordable universal service. Mutual Fund and ETF data provided by Refinitiv Lipper. Only later, when the mixed-ethnic millennials arrived did the crash begin. In their view, unless the taxpayers make yearly payments, the USPS does not receive taxpayer funds. For years, the USPS was the only federal agency required to pre-fund future retiree health benefits. The 26 Republicans who joined with Democrats to approve the $25 billion funding bill were: Nebraska Reps. Don Bacon and Jeff Fortenberry; Ohio Reps. But Democrats said DeJoy paused the changes only because he "was caught red-handed" and argued the emergency legislation was needed to bar him from undermining mail delivery and the 2020 election. The Post Office rose to new heights — like most things — in the 1990s with the rise of junk mail as a newly-liberalized America embraced unrestricted egalitarian commerce: The Postal Service lost $1.1 billion in its latest quarter. Most things in the US peaked in the 1990s. This is the same scam that the Left ran on Planned Parenthood. Quotes displayed in real-time or delayed by at least 15 minutes. During debate over the $2.3 trillion CARES Act, House Democrats sought $25 billion in subsidies, $11 billion in loan forgiveness, and a $15 billion loan for the Postal Service. For one, unlike other government agencies, the USPS is not allowed to receive taxpayer funding, and instead must rely on revenue from stamps and … New York Magazine national correspondent Gabriel Debenedetti joins "CBS This Morning: Saturday" to discuss the politics of the week, including the presumptive democratic presidential ticket of Joe Biden and Kamala Harris and President Trump's criticisms of mail-in voting. The final CARES Act legislation provided USPS with a $10 billion loan while the calls for a much larger handout have continued unabated. Republicans dismissed the Democrats' election concerns as "conspiracy theory." Postal Service has been a matter of both contention and confusion since the 1970 Postal Reorganization Act (PRA) put the Postal Service on a self-sustaining basis, exempting it from general budget and funding laws and denying the … The reality is that the Postal … Earlier this week we dealt with the popular belief that because the US Constitution mentions post offices, it would take a constitutional amendment to eliminate or privatize the USPS. Democrats are working to put together a fourth coronavirus spending bill that would give USPS more funding, primarily in order to boost the ability to … Revenue. In fact, the USPS disproportionately hires third-world-origin people and other “marginalized” (i.e. […], common lie that the USPS is not taxpayer-funded, hiring more people even as demand went down, the USPS exists entirely as a socialist-style diversity subsidy program, USPS disproportionately hires third-world-origin people, made much worse by the transition to spam, Twitter/Facebook Run MASSIVE Campaign to Censor ‘NYPost’ Story Proving Joe Biden Met with Son’s Russian Business Partners, SOTT FOCUS: World Doctors Alliance: Open Letter to UK Government, World Governments and Citizens of the World, Latin American Economies Will See "Record-Breaking Contraction" This Year, The Global Supply Collapse Continues to Get WORSE: Shortages of Clothing, Appliances, Food, and Other Essentials, Etsy Shares Spike 9% To 52 Week Highs After Elon Musk Tweets "I Kinda Love Etsy", Ripple Signed 15 New Customers After SEC Lawsuit, Says Garlinghouse. Think of all of the landfill we could have avoided. No one will say the grim truth about the USPS which is that it is a hiring program for minorities and pays out generous pensions so that it can enrich them, just like Affirmative Action is designed to do. The bill would prohibit any limits on overtime pay, hiring freezes, delaying mail service and treating election mail as anything less than first-class mail. Today we have the flip side of that myth- the belief that the US Postal Service isn’t part of the federal government. meanwhile prisons and the police are too profitable and only getting more and more profitable. Washington Post’s Michelle Lee weighs in on ‘America’s News HQ.’. Postal Service during COVID-19 and the upcoming elections, Aug. 21, on Capitol Hill in Washington. “Retiree health care benefits and pensions are two different things. Market data provided by Factset. WHITE HOUSE ISSUES VETO THREAT TO $25B USPS FUNDING BILL. Republicans and the White House said the $25 billion isn't needed and they took special issue with the language that blocks DeJoy from implementing any reforms at an agency that is losing money. The U.S. The American postal service is on the verge of default. The Postal Service is funded by the users of the mail and package services, most of whom are U.S. citizens or companies and organizations that employ U.S. citizens. Likewise, USPS must be self-sustaining, and not funded by the taxpayers. Rep. Carolyn Maloney, D-N.Y., chair of the House Oversight Committee, produced a new internal Postal Service document on the House floor Saturday that she says revealed a significant drop in service standards at the Postal Service since DeJoy implemented changes. “Eckshually,” he said, donning a fedora over his scraggly facial hair and small beady eyes, “everyone is wrong and the post office is not taxpayer-funded.”. DeJoy rejected that any political motives were at play, but told a Senate panel on Friday there has been a slowdown. Now, it serves as another sinecure for second-world (Italian, Irish, Slavic) and third world (African, Asian, Hispanic) people who are stealing from the mail just as they did in their home countries. The … Not receiving your mail in a timely fashion hits home. Trump tweeted Saturday his opposition to funding for the Postal Service and linked it to his objections to universal mail-in voting. This is fascism. They want to believe in the group because it is an alternative to reality. House Speaker Nancy Pelosi, D-Calif., urged Senate Majority Leader Mitch McConnell, R-Ky., to respond to constituents' concerns on mail delays and take up the bill. The agency I describe is, of course, not some utopian bureaucracy but the actually existing United States Postal Service (USPS). I’m not sure how much the risk-factor may have played in … It … The Post Office is calling for more federal cash and, again, blaming unreasonable retirement funding requirements. Executive Summary . But the USPS is the only one required to pre-fund retiree health care benefits. 21 percent of employees are African-American; 8 percent are Hispanic; 8 percent are Asian-American/Pacific Islander; and 0.67 percent are American Indian or Alaska Native. The Trump administration has launched an all-out assault on the United States Postal Service (USPS). In comparison to the national public pension plan funded ratio average of 73 percent, USPS’ roughly 87 percent funding level for both systems might look good. The United States Postal Service, currently being hit hard as letter-mail volume plummets during the COVID-19 pandemic, is in need of rapid emergency funding. The GOP-led Senate has no plans to take up the bill and the White House issued a veto threat on Friday saying USPS doesn't need a $25 billion bailout. USPS is losing billions and has done all it can without external help. PELOSI RIPS TRUMP FOR TRYING TO 'SCARE' VOTERS: 'DON'T PAY ANY ATTENTION TO WHAT THE PRESIDENT IS SAYING'. As of 2019, USPS has funded 87.2 percent of CSRS and 86.9 percent of FERS liabilities. It employs over 600,000; only two private employers (Amazon and Walmart) employ more people. The USPS, the US Postal Service, is not subsidized by taxpayers. USPS officials have not said they need additional funding to deliver mail-in ballots this fall. Because diversity affects our return on investment and because it is the “right thing to do,” diversity will continue to be valued and recognized as key to our success in serving every community in America. In July, the U.S. Department of the Treasury and the Postal Service reached a deal on a loan of up to $10 billion. Congress can and does pass laws on its operation. the usps predates America and its meant to be a public service. Download. 3 … For this reason it created its own financial problems by hiring more people even as demand went down when spammers switched from junk mail to email spam and SMS spam: Perhaps the best indicator of the Postal Service’s structural problems is the divergence between the number of employees it has and the amount of mail it delivers. "Vote NO to the Pelosi/ Schumer money wasting HOAX which is taking place now," Trump tweeted. In an Aug. 13 interview, Trump admitted that he opposes a coronavirus pandemic relief bill crafted by the House Democrats because it includes funding for the U.S. … "We are experiencing a global pandemic and now our U.S. this is as silly as complaining about how firefighters need to turn better profits. We have been ranked among the “50 Best Companies for Minorities” by Fortune magazine. And, they can only charge what Congress allows; increases require approval. The legislation is not expected to go anywhere. USPS also runs a massive retail operation in the form of 31,000 post offices and another 4,000 contractor-run mail shops, each with their own overhead costs. Postal Service (USPS). Democrats have pushed for $25 billion in USPS funding, an amount Speaker Nancy Pelosi (D-Calif.) said Thursday was recommended by the agency's board of … The House is set for a rare Saturday session to pass legislation to halt changes in the Postal Service and provide $25 billion in emergency funds. Under mounting pressure, a noisy protest at his Washington home and alarm over the removal of blue collection boxes in communities, DeJoy on Tuesday announced he was putting a pause on any service changes until after the election. By the end of the decade, the semi-independent government agency's losses had reached a record $8.5 billion, forcing the Postal Service to consider seeking an increase in its $15 billion debt ceiling or face insolvency. The U.S. The problems at the Postal Service have been under the spotlight especially this year with the pandemic and greater reliance on mail-in services. The mail delivery service might have to shutter by June 2020 as a result. Rep. Stephen Lynch, D-Mass., said American democracy is more endangered now than during the Sept. 11 terrorist attacks because the country is more divided and the threat is coming from within. Participation in national events included the Diversity Military World Expo (Washington, DC), NAACP National Convention (New York), National Urban League (Chicago), National Council of La Raza Conference (Chicago), U.S. Hispanic Chamber of Commerce National Convention (Denver), Federal Hispanic Career Advancement Summit (Washington, DC), Gay Lesbian Bisexual Transgender Expo (New York), and the Organization of Chinese Americans National Convention (San Francisco). This material may not be published, broadcast, rewritten, or redistributed. Postal Service (USPS) recently closed its books for the 2019 fiscal year, and things aren’t looking so good as it heads into 2020.USPS has a whopping $120 billion in pension and other post-employment unfunded liabilities.That’s an amount equal to the GDP of Ukraine. The United States Postal Service (USPS; also known as the Post Office, U.S. Mail, or Postal Service) is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, including its insular areas and associated states. Now in Myth-and-Fact format, an explainer on why pension funding requirements don't have anything to do with the USPS's current woes. Postal Service funds, which he … Democrats point to growing concerns from constituents over mail delays coinciding with postal changes on DeJoy's watch. House to vote on emergency Postal Service funding ahead of the election, Sen. Rand Paul clashes with ABC's Stephanopoulos: 'You're forgetting who you are as a journalist! Postal Service and reverse recent operational changes. Concerns from constituents over mail delays coinciding with Postal changes on DeJoy watch... Since 1971 because of the United States Postal Service is one of the 10 years 2001... 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