Don’t Bail Out the Postal Service for Missing the Bull Market (From Investor’s Business Daily)

The U.S. Postal Service has serious financial problems, much of which stems from its $73 billion in under-funded retirement plans. While the Postal Service has been aggressively seeking federal legislation to effectively offload at least some of these liabilities on taxpayers, its retirement plans would be quite strong if it invested as state pension plans do. I discuss these matters for Investor’s Business Daily in the Op-Ed here.