A letter to the editor, published in the New York Daily News from the Lexington Institute’s Paul Steidler takes issue with the paper’s April 20 editorial, “Posting up: The United States Postal Service needs cash and reforms.” Steidler points out that the Postal Service “currently has access to $23 billion in cash which should enable it to operate well into 2021.”
He asserts that the Postal Service’s struggles “long precede the Trump administration,” as USPS “has lost money for 13 consecutive years and been on the U.S. Government Accountability Office’s High-Risk List of government agencies since 2009.” Steidler stresses the need for structural reforms, contrary to the editorial’s call for an unconditional bailout. “Before any more cash goes to the Postal Service, there must be structural reforms, including defining its mission in the internet age, where mail use has plummeted and won’t be coming back,” he says.
The full letter to the editor can be read here.
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