The Daily Caller reports on today’s GAO report predictably (BAILOUT!), but it also provides a response from the National Association of Letter Carriers:
“The GAO is simply wrong in denying the overpayment, and in doing so it differs with the USPS, the Office of Inspector General (of the Postal Service,), the Postal Regulatory Commission, two independent actuaries, and legislators from both parties and both chambers of Congress who’ve addressed the issue in current legislation,” said the statement.
“It’s absurd to claim that the money owed the Postal Service would not solve its financial problems by asserting that they result from changes in consumer mail use and a business model weakness — given that over the past four fiscal years, despite the recession, mail delivery netted a $611 million operational profit. And saying that transferring the money would result in an increased liability is like a restaurant telling a consumer who was overcharged that refunding the overcharge would require taking the money from someone’s account. An overpayment needs to be refunded, period.
“Moreover, it’s ironic that the GAO is focused on soaking the USPS when the non-postal federal government, which includes the GAO has funded only 40 percent of its pensions, vs. 99 percent for the USPS.”