When politicians overwhelmingly pass a massive federal bailout, taxpayers expect it will work. But Washington, D.C. is now so broken that even this can no longer be assumed.
Exhibit A is the Postal Service Reform Act (PSRA), one of the few bipartisan measures enacted by Congress in 2022 and signed by President Biden on April 6, 2022.
Three government reports since April 20, 2023 show that the financial assumptions Congress used to enact PSRA were way off. The new reports also confirm Congress should have been more diligent in demanding answers from USPS, as well as in demanding true reforms.
Lexington Institute’s Paul Steidler discusses this in an Op-Ed in The Hill here.
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