Dennis Ross gets it wrong again
I’m flattered that Congressman Ross reads our blog (or at least the headlines feed on Twitter). But his contempt for the truth can be breathtaking- even for a politician. Here’s his response to our latest item on the GAO report on options for the USPS, where we pointed out that GAO ignored the fact that all of the USPS’s losses since 2006 are due to the prefunding requirement:
Note that Dennis doesn’t actually dispute what we said- he can’t, at least not without lying. So instead he tries to confuse the issue by bringing in the previous GAO report on the alleged CSRS overcharges, and accusing us of a “bait and switch”. Dennis would like to give the impression that we only started talking about the prefunding issue after GAO produced its report denying the USPS was overcharged for CSRS pensions by $50-75 billion. But Dennis knows that’s a lie. In March, for instance, we offered Dennis a little history lesson on the prefunding issue. We provided an even more detailed accounting of the history of prefunding in “Postal Ponzi Scheme” back in 2009, long before Dennis was elected to Congress!
At the same time. our coverage of the alleged CSRS overcharges has been even-handed. In our story in March on the IRET report on the overcharge issue, I wrote:
While IRET is a well known right wing “think tank” financed by, among others, the Scaife and Koch family foundations, it’s difficult to argue with one crucial point raised by the report: even if one accepts the proposition that the USPS overpaid the Treasury by $75 billion since 1971, it isn’t owed any money.
That conclusion stems from the simple fact of the USPS rate setting process- because the USPS was required to break even over time, its rates took into consideration all of its expenses- including the alleged $75 billion overcharge. Had the USPS been charged $75 billion less, its rates would have been proportionately lower, leaving its cumulative net income unchanged.
So no, Dennis, I’m not doing bait and switch. I’ve been talking about prefunding for years, and I’ve also pointed out the holes in the CSRS overcharge argument. But then, I’m just a blogger, not one of those “lying politicians” you talk about on your Facebook page.
Update: a few minutes after that tweet, Dennis had an unusual attack of almost telling the truth:
“Other Congressional meddling”? You mean like, say, the annual $5.5 billion trust fund charge? Doesn’t that really distort “USPS ability to act as an indep business”? Think about it, Dennis…