Thursday, July 30, 2009

Special delivery USPS bailout

The Washington Post has an editorial:
It looks as if the U.S. Postal Service is getting its bailout. The House Oversight and Government Reform Committee has advanced legislation to relax the Postal Service's obligation to prepay its employee retirement benefits, an action that would save it an estimated $2 billion annually. But even this may not be enough to save mail service as we know it.