Senator Carper Statement on USPS Financial Losses

WASHINGTON – Today, Sen. Tom Carper (D-Del.), chairman of the Senate subcommittee that oversees the U.S. Postal Service, released the following reaction to the announcement that the U.S. Postal Service lost $3.3 billion in the first quarter of fiscal year 2012:

“While today’s announcement that the U.S. Postal Service lost $3.3 billion in the first quarter of fiscal year 2012 is disappointing, it unfortunately does not come as a surprise. While the magnitude of the losses themselves is bad enough, the fact that they came during a period of the year that is usually the most successful for the Postal Service is truly shocking. The Postal Service has reiterated that if nothing is done, it could be insolvent by fall 2012.

“Our troubled economy – coupled with the continued migration to electronic forms of communication – is putting the future of the Postal Service in jeopardy, and today’s news shows that it’s happening faster than expected. I have been saying for some time now that Congress needs to come together on a plan that can save the Postal Service and protect the more than eight million jobs that rely on it. The bipartisan 21st Century Postal Service Act (S.1789) strives to help the Postal Service adjust its operations to reflect the changing demand for its products and services while also giving it tools that can help it be successful in the 21st century. This bill – the only bipartisan proposal from Members in either Chamber – presents a comprehensive solution to the Postal Service’s financial challenges. If we do nothing, our nation could face a future without a Postal Service.

“While the situation facing the Postal Service is dire, it is not hopeless. That is why we need to pass this bipartisan and comprehensive bill as soon as possible. It is my hope that Congress and the Administration can come together on this plan in order to save the Postal Service before it’s too late.”

4 thoughts on “Senator Carper Statement on USPS Financial Losses

  1. I just need the Early Out this year…no incentive needed.YES on S.1789.Tell both your Senators:YES on S.1789.

  2. Postal reform is a hot topic in Congress as the Senate prepares to vote on the 21st Century Postal Service Act,  and APWU President Cliff Guffey is urging union members to contact their senators and let them know: Senate bill 1789 is only acceptable in its current form.
    As lawmakers review the bill, Guffey is asking union members to let their senators know that S. 1789 must be passed.

    Call Your Senators:
    (Capitol Switchboard)
    [Click here for direct #s]
    Tell them you Support 
    S. 1789 as it is currently written
    The U.S. Senate soon will likely debate the 21st Century Postal Reform Act (S. 1789), bill designed to ‘save” the U.S. Postal Service by offering Early Retirement Incentives.
    As president of the National Association of Letter Carriers, I understand the budgetary and market challenges facing the USPS. However, these issues don’t result from an outdated organization. Despite the economic problems our country has confronted for the last several years, the Postal Service has done quite well. In fiscal years 2007-10, it had an operational profit of $611 million delivering the mail, and customer satisfaction and on-time delivery are at record highs.
    S. 1789 should not be dramatically restructured, it will save America’s postal network. Rather, it will assure the survival of a venerable institution based on the Constitution, and not upset the livelihoods of the people, communities and businesses throughout Missouri and the United States that depend on a strong, reliable service. Instead of enacting shortsighted, destructive policies, Congress should approve this bill ,S.1789.
    Fredric V. Rolando is the president of the National Association of Letter Carriers
    incentives to be combined.
    1. 25,000 cash.
    2. 5 years added on to your FERS retirement.
    3. Max out 80% on your CSRS retirement.
    * NOTE: Remember you can choose combines of the three.
    GOOGLE……….U.S. SENATE………Choose your “SENATOR HOME” State. Look for the area in which to write and send your comments.

  3. Sen. Carper speaks truth to US. Vote YES on S1789.

    It’s time for a generational changing of the guard. The younger will move up as the elders retire. Then they will have to fight thru the times they live in, just as their elders did. Nothing is easy, it never was.

    Good luck and goodbye. And if you wanna make God laugh, tell God your long term plans.

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