McCain thinks “going after” the USPS will help balance the budget?
On CBS’s Face the Nation this morning, failed presidential candidate John McCain displayed a rather breathtaking ignorance of how the US Postal Service is financed when he suggested that “going after sacred cows” like “the post office” was a key strategy in cutting back federal spending. McCain is apparently unaware of the fact that the USPS, whatever its current problems, pays its own way. Here’s what McCain said, word for word:
“The Post Office- a model of inefficiency- horse and buggies in days of when Internets and communications have basically replacing it more and more uh we have to go after the sacred cows”
McCain added that he could solve Social Security “on the back of an envelope”. McCain’s postal comments come at about the 8:20 mark: