Lexington Institute’s Paul Steidler wrote a letter to the editor for the Las Vegas Review-Journal, responding to an op-ed from U.S. Postal Service spokesperson David Partenheimer, who claimed the Postal Service is “efficient” and not a burden to taxpayers. “Yet, the Postal Service has defaulted on $48 billion in retiree health and pension payments to the U.S. Treasury. Taxpayers are on the hook for these and other liabilities,” Steidler writes. “How can the Postal Service be efficient if it does not understand its actual costs? This also helps explain the $48 billion default,” according to Steidler. “It is time for fundamental reform of the Postal Service — before a liquidity crisis hits and taxpayers are handed a huge bill,” he concludes.
Read the full letter here.
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