9 p.m., Feb. 22
Rep. Issa Sends the Post Office a Message
Representative Darrell Issa is calling for "sweeping" and "structural" reforms of the United States Postal Service. His statement comes days after the USPS announced that it would stop contributing to the Federal Employee Retirement System in order to find approximately $800 million in savings for this fiscal year.
But that's not good enough for the North County politician.
"The Postal Service lost $8.5 billion last year," Issa said in a June 23 press release. "It is going to lose, at least, $8.3 billion this year. And it is projected to lose $8.5 billion the year after that."
Issa is sending the message of fiscal reform through a legislative bill that will bring financial oversight to the postal service, as well as a group that will recommend branch closures and consolidations to Congress. The legislation would also cut mail service to 5-days a week, and would allow companies to place advertisements on mail trucks and at local branches.
"Congress can't keep kicking the can down the road on out of control labor costs and excess infrastructure of USPS and needs to implement reforms that aren't a multi-billion dollar taxpayer funded bailout."
More like this:
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- Issa Responds To President's Plan to Save Postal Service — Sept. 19, 2011
- Nurses Call For Stock Trading Tax — Sept. 1, 2011
- Postal Service to Slash Costs, Employees — Aug. 12, 2011
- As Snail Mail Fails — Oct. 2, 2009