Senator Carper and Representative Issa Issue Joint Statement Pledging The’ll Work Together on Postal Reform

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On the first day of the 113th Congress Senator Tom Carper and Representative Darrel Issa issed a joint statement indicating their willingness to work together on postal reform.

“The Postal Service has a presence in every community in our nation.  Since its establishment, we’ve taken it for granted that our mail would arrive and that important business and personal correspondence would reach its destination. In addition, businesses large and small have come to rely on the mail to reach new customers and communicate effectively with existing customers. Although the 112th Congress did not come to a consensus around a package of reforms that can update the Postal Service’s network and business model to reflect the reality that it faces today, we remain committed to working with our colleagues in both the House and the Senate to reform the Postal Service so it can survive and thrive in the 21st century. While our approaches have differed in the past, we made significant progress in narrowing our differences in recent months, and our commitment to restoring this American institution to long-term solvency is unwavering.”

Given that there is a question as to whether the Postal Service will survive the 113th Congress, finding a solution that ensures the long-term solvency is critical.   Unfortunately the failure of the 112th Congress to act has worsened the Postal Service’s financial and market position.   In crafting a package, both Chairmen need to take a second look at their proposals to see what needs to change in light of the the decline in the Postal Service’s financial and competitive position.   In particular, both chairmen need to look at whether their plans can provide the Postal Service with investment capital fast enough to ensure that the United States Postal Service remains a viable enterprise for as long as it takes to fund its retiree benefit liabilities.

 

 

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