As Thom Hartmann said this morning on the Radio Machine, Darrell Issa is “Wisconsining” the postal service.
The United States Post Office is on the verge of shutting down. According to the New York Times – the Post Office is quickly running out of cash and may be forced to shut down this winter.
While the media story line is that the Post Office is dealing with the problem of trying to remain profitable in a world of decreasing paper mail – the real cause is actually something much, much different. Consider that this year – like every year since 2006 – the Post Office is legally required to make a $5 billion annual contribution to a retirement account to pay for future retirees who aren’t even born yet.
For more on this Thom Hartmann is joined by Chuck Zlatkin – Legislative and Political Director of the New York Metro Area Postal Union.