"This legislation will restore cost of living adjustments for our military retirees and not only replace the savings but nearly triple them, saving $17 billion over 10 years according to conservative USPS estimates,"according to Darrell Issa (R-Ca.), chairman of the House Oversight and Government Reform Committee in a statement Friday.
The congressman has introduced a bill replacing military pension cuts made in a bipartisan agreement budget deal in 2013. It would eliminate U.S. Postal deliveries for letters on Saturdays, according to Postal News.
"The common sense reform will help restore the cash strapped Postal service to long-term solvency and is supported by the president and key congressional leaders in both chambers, he said, referring to President Obama’s recommendation to eliminate Saturday service in his budget proposal," Issa said.
Package, express, and priority mail delivery would continue.
The cash-poor Postal Service apparently does not have the money to meet its own obligation to a retiree healthcare trust fund. The USPS has tried to eliminate letter delivery on Saturdays for years.
The estimated savings of such a move would be approximately $2 billion a year. That would be a welcome relief to a federal institution that lost $16 billion in 2012.
It’s hard to imagine much opposition to the plan by Washington lawmakers or tax payers for that matter.
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