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December 17, 2020December 18, 2020Paul Steidler

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USPS Doesn’t Need Money From Congress, It Needs Financial Reform (From The Detroit News)

December 17, 2020December 18, 2020Paul Steidler

While there are compelling reasons for Congress and the Administration to provide a fifth COVID relief package, the U.S. Postal Service (USPS) is today flush with cash. Beginning in April there were many predictions that USPS would collapse because of the pandemic. The opposite has occurred as demand for packages has soared. USPS does have long-term financial structural issues that Congress should address. In fact, providing bailout funds lets Congress off the hook for this work and perpetuates a bad business model. Lexington Institute’s Paul Steidler discusses these matters in an Op-Ed in The Detroit News here.

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