Tag: Morgan Griffith
Bob Goodlatte (R-6th) was a member of Congress in 2006 when both houses, which were under Republican control, passed the Postal Accountability and Enhancement Act (PAEA). Under that bill, the Postal Service is the only agency of the government that is required to pre-pay future health benefits to retirees and all future pension costs for the next 75 years, and they have to do that in 10 years! That bill totals $103.7 billion. That means they're not just paying for present employees who will retire in the future, but they are also being required to pay for possible future employees before they actually hire them. Plus, none of this money can be used for benefits for employees who are now retired. Oh, no. That additional money also has to be paid by the Postal Service now.
Not only is no government agency or entity required to meet such draconian requirements. No private company is, either. So, the questions I have are these: Who thought up this idea that is guaranteed to bankrupt the Postal Service? Why and how was this law passed? The answers are pretty bad.