The Herald Bulletin

Morning Update

Letters

March 18, 2014

Viewpoint: Retiree health care mandate hurting Postal Service

The Postal Service just released its financial figures for the first fiscal quarter of 2014 (Oct.-Dec.) and more than 100 percent of our losses are the onerous prefunding of retiree health care. The Postal Service would have earned a profit of $765 million if not for the prefunding albatross that is crippling the Postal Service. Operating revenue is increasing and operating expenses are decreasing indicating the Postal Service is headed in the right direction.

I want to emphasize the last three important financial figures of the Postal Service:

  • 2013 Fiscal Year – $600 million profit without prefunding (Oct. 2012 – Sept. 2013)
  • 2014 Fiscal Year First Quarter – $765 million profit without prefunding
  • January 2014 – $122 million profit without prefunding

Bottom line – Last 16 months the Postal Service has made almost $1.5 billion in profits without the prefunding mandate.

The Postal Service’s unmatched networks and outstanding employees have made these striking results possible. And these trends augur well for the future, because they reflect the opportunities increasingly presented by the Internet and by an improving economy. Package revenues resulting from online shopping rose by more than 14 percent this quarter — more than offsetting the small decline in letter revenue.

This quarter’s $765 million operating profit compares with the $100 million from the first quarter of 2013 — another sign of improving postal finances.

In light of these results, lawmakers should strengthen the postal network while addressing the remaining problem: the congressional mandate to prefund future retiree benefits required of no other public or private entity in the country. Degrading the network and reducing services to the public and businesses would jeopardize the postal turnaround.

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Letters
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    July 24, 2014

  • Letter: Reservoir promotion has circus approach P.T. Barnum is starting his tour to promote the reservoir by going to all the towns surrounding the dream. Rob Sparks is this town's P.T. Barnum.

    July 24, 2014

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    July 22, 2014

  • Letter: Birth control, abortion should be woman's choice Why are Republicans so gung-ho on restricting birth control and abortion? That's easy. Republican legislators are so unpopular because they don't legislate and literally block all bills that would help the middle and lower income classes.

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    July 21, 2014 1 Photo

  • Letter: Wall Street should not be in politics Talk about corruption, ponzi schemes, we're looking at you, Wall Street, controlling the prices of our food, gasoline and clothing we must buy and about every company in America — while trashing President Obama, the Affordable Health Care Plan, along with every Democrat, to influence our elections, at the same time.

    July 17, 2014

  • Letter: 23 Relay for Life teams raised $40,000 As chairs of this year's American Cancer Society Relay For Life of Madison County, we would like to thank everyone for their generosity and support.

    July 17, 2014

  • Letter: Ritz under attack by state education board I attended the Indiana State Board of Education meeting in Indianapolis on Wednesday, July 9, and was genuinely disturbed by what I saw.

    July 17, 2014

  • Viewpoint: Dispatchers should not lose wages, benefits In regard to the plan to combine the city and county dispatch centers to one unit: Since this has come up it has pointed out a shameful tragedy of a group of employees in a life-saving unit of government. The city's emergency dispatch operators haven't had a pay raise in about 10 years.

    July 16, 2014

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