This holiday season, Ohioans will receive scores of gifts - from Great Lakes beer to Cincinnati chili - but many of the parcels probably won't be dropped off by their local postal carrier.
The U.S. Postal Service - the second-largest employer in the United States and one authorized by the U.S. Constitution - is governed by rules that limit its financial viability. To address a growing deficit, more than 120 post offices and 10 mail processing centers in Ohio have been slated for possible closure because of financial challenges.
These closures could prove costly for middle-class families in our state, resulting in job losses and deteriorated service. That is why I fought for a moratorium on all postal facility closures until May 2012. With this additional time, Congress can modernize the rules and usher in the next era of the Postal Service.
Private delivery companies perform an important service. But the Postal Service should be able to compete for all the parcel business, too. That's why I'm fighting to pass the Postal Service Protection Act, legislation that would help bring the Postal Service back to fiscal solvency.
First, it would deal with the service's fiscal challenges. This bill would address a broken pension system which now costs the service more than $5 billion every year. Right now, the Postal Service must pre-fund 75 years of future retiree health care benefits in just 10 years. With this legislation, we can address immediate fiscal problems facing the service by overhauling the retiree benefit requirements.
Second, it would allow the Postal Service to innovate. By easing current financial constraints on the agency, the Postal Service would have additional avenues to earn income - such as shipping beer or issuing a state fishing license - that can put it back on the road to fiscal health.
The legislation would also protect a six-day delivery - preserving Saturday delivery and maintaining current standards for first-class mail delivery. This is vitally important for seniors and patients who depend on timely delivery of life-saving prescription medications.
To read the rest of the article, click on the source link above.