The Postal Service will default unless it can secure $5.5 billion by August 1st. While service will continue after the default, it shows how uncertain the future of the service has become. The money is needed for its 2012 retiree health payment.
There is no question that the postal service needed reforms in light of new technology and consumer habits. However, it remains a basic function of governance. It is losing billions. I agree with critics in Congress that that is unacceptable. However, I remain amazed by the disconnect. These members are up in arms over a few billion while remaining silent on the loss of hundreds of billions in these continuing wars. We continue to fight over cutting scientific programs, educational programs, and basic services to often save less than a billion at a time while literally billions have disappeared in these countries. The public does not support these wars (while supporting our troops) and wants our involvement to end. They would clearly want this money spent here at home. Yet, there is not only a disconnect in logic but politics on the issue. I fail to understand why there is not greater outcry over this lack of priority in Congress.
Source: WSJ
