Letter to the Editor: Get Hands Out of USPS Cookie Jar

The Postal Service Retiree Health Benefits Fund is bankrupting USPS. It is currently sitting at roughly $46 billion reserved for future retirees, or so we thought. The USPS puts roughly $5 billion into this fund every year, which it must do by law. Now Treasury just wants to step in and take it, which amounts to robbery.

I’m perplexed as to how the U.S. government can justify stealing money from both retirement accounts while the USPS, a private entity of the federal government, is on the verge of bankruptcy. The USPS is running out of options to remain a viable business.