Saga of Postal ‘Reform’ Bill: Pricey Little Sideshow in 3 Acts
15th March 2022
Touted as a long-awaited “bipartisan” measure, the postal legislation, 15 years in gestation, is anything but noncontroversial.
Fast-tracked through Congress, the bill shifts tens of billions of dollars in liabilities from what is supposed to be the “self-financing” U.S. Postal Service to federal taxpayers.
If the Postal Service had a company name like “JP Morgan” one could imagine how such a bailout would have drawn immediate opposition from across the political spectrum.
How did such a thing happen? Here’s how this little drama unfolded…