Freedomworks’ Cesar Ybarra writes, “It is no secret that the U.S. Postal Service (USPS) has been hemorrhaging money for years, and 2021 is no different. Last week, the USPS posted a net loss of nearly $5 billion in fiscal year 2021. Any reasonable mind would agree that this trend is unacceptable and that serious, substantive changes need to be made to get the agency on a path of financial stability.

Congress should ditch its legislative proposal that would not serve the interests of USPS customers and USPS taxpayers in the slightest.

As written, the plan would create a taxpayer bailout of the USPS to the tune of $46 BILLION. #ampFW via @DailyCaller https://t.co/0rc1euU74A

— FreedomWorks (@FreedomWorks) November 22, 2021

After operating at a loss for so long, few can believe that postal leadership, regulators and lawmakers have not yet taken steps to genuinely fix the Postal Service’s business model. The fiscal management of the USPS has become so dire to the point that all sides of the political spectrum recognize the perilous state of the agency and how its direction is simply unacceptable.

Across multiple administrations, the U.S. Government Accountability Office (GAO) has squarely pegged the USPS on its ‘high risk’ list since 2011.”

Read the entire column.

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