A letter to the editor published in The Los Angeles Times from the Lexington Institute’s Paul Steidler takes issue with the paper’s April 16 editorial “The Postal Service is America’s lifeline. Save it.” Steidler critiques the editorial for “omitting fundamental and important facts” about the U.S. Postal Service.
Steidler discusses the Postal Service’s long-term financial losses throughout the economic expansion of the past decade. This has led to a negative net worth of $71 billion and unfunded liabilities exceeding $140 billion. Steidler also contrasts the Trump administration’s willingness to pursue postal reform, with the efforts from this session of Congress: the U.S. House of Representatives “has held only one hearing on postal reform legislation, and reform legislation has not been introduced.”
The full letter to the editor can be read here.
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