Soggy in NOLA
Diamond Member
- Jul 31, 2009
- 40,565
- 5,359
- 1,830
Oh good grief... the fun never ends with this one...
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
And what would that lie be?
You saying Waxman (D) wasn't a co-sponsor of that bill and that it didn't pass by a vote of 410 to 20...'cuz that's the only assertion I made, which proves TM lied.
You on the other hand are not so much a liar as a troll, which I suspect you're about to prove. The floor is yours.
One lie: I never said a thing about Waxman.
Another lie: I never said the bill was not bipartisan.
Third lie: you have offered nothing specific that supports your claim.
Thank you for proving my point.
Troll.
Stipulating that the Postal Accountability and Enhancement Act of 2006 was passed 410-20 in the House, and passed the Senate without amendment by unanimous consent, let's move on to the real question.
Is the post office being financially broken by an unreasonable retirement pre-funding provision in that law?
See Section 802.
In 2006, Congress passed the Postal Accountability and Enhancement Act. This law requires the Postal Service to do something that no other business or government agency has to do–pre-fund its FUTURE retiree health care benefits. This is a 75 year liability that has to be paid in 10 years. The Postal Service makes a payment of approximately $5.5 billion on September 30 at the end of every fiscal year to meet this obligation. The Post Office has been paying these benefits the past four years into a trust fund for employees who have not even been born yet. This is the burden that is creating the “financial crisis” for the Post Office. The recession that has gripped America the past few years has undoubtedly affected the Postal Service, but even in the worst economic times since the great depression, the USPS has had a net profit of $611 million dollars. Unfortunately, the red ink associated with the post office is the mandated pre-funding since 2006.
We can solve the problem without eliminating jobs and services.
This onerous payment is barely being reported in the media. Another fact not being widely circulated is that independent agencies and the government itself have concluded that the USPS has overpaid into its two retirement systems. The Post Office has excessively funded the Civil Service Retirement System by at least $50 billion dollars, and the Federal Employees Retirement System around $7 billion dollars. This gives Congress an opportunity to fix the problem by passing H.R 1351, the United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011. This bill, among many introduced in Congress, is the only one that will address the pressing financial concerns of the post office in a responsible manner without eliminating jobs and services to the American public. The bill introduced by Rep. Stephen Lynch has 211 co-sponsors. This will not be a bailout or cost the citizens of the United States a single penny in taxes. It will simply transfer the overpayments in the retirement system into the future retiree health care obligation. If this law is passed there will be no other company in the United States that can claim two fully funded pensions and a fully funded current and future retiree health care benefits plan.
Yes it is.
And....the USPS is not a consumer of tax dollars. It is a fantastic example of a government run program that kicks ass!
The poison pill that Congress forced down the USPS throat should be repealed.
Postal Clause - Wikipedia, the free encyclopedia
Postal Clause
Article I, Section 8, Clause 7 of the United States Constitution, known as the Postal Clause or the Postal Power, empowers Congress "To establish Post Offices and post Roads".
If you hate the post office you hate the founders idea
I dont hate guns you idiot
If you hate the post office you hate the founders idea
If you hate guns you hate the founders idea
If you hate the post office you hate the founders idea
If you hate guns you hate the founders idea
You're confused. The 2nd amendment has little to do with now. There is no need for militias. And the right to bear arms does not mean assault weapons, because the founders couldn't have envisioned that.
I dont hate guns you idiot
I dont hate the post office you idiot
If you hate the post office you hate the founders idea
If you hate guns you hate the founders idea
You're confused. The 2nd amendment has little to do with now. There is no need for militias. And the right to bear arms does not mean assault weapons, because the founders couldn't have envisioned that.
If you hate guns you hate the founders idea
You're confused. The 2nd amendment has little to do with now. There is no need for militias. And the right to bear arms does not mean assault weapons, because the founders couldn't have envisioned that.
The founders couldn't imagine midget porn DVDs, either. Therefore, we should ban those, too.
I dont hate guns you idiot
I dont hate the post office you idiot
then why do you want it dead?