On December 8, 2016, Chairman James Bilbray of the U.S. Postal Service (USPS) Board of Governors served his final day, leaving the board with no independent governors for the first time in its short history. As of this writing, only the Postmaster General and the Deputy Postmaster General make up the members of the “independent” […]
When the average American sees an incorrect charge on his or her credit card statement, a quick to call the bank ensues to ensure that the money is promptly returned. Unfortunately, the federal government is not as efficient. Since 2010, federal government improper payments have totaled nearly $600 billion, mostly (90 percent) in overpayments.
With Halloween around the corner, teenagers and adults alike will dust off classic scary movies, ranging from the comical (Ghostbusters) to the terrifying (The Exorcist). They may have seen these movies dozens of times, but they continue to be surprised and still jump at the sight of these demonic possessions when young Regan “spider-crawls” down the stairs of her mother’s Georgetown home or ghosts terrorize New York City. Like these and other scary movies, Congress is on the verge of yet another horror show that has been seen too many times: a taxpayer-funded bailout.
On September 20, 2016, the United States Postal Service (USPS) Office of the Inspector General (OIG) released a report titled “The Oversight of Oil and Gas Mineral Rights.” The report sought to assess USPS’ oversight of their oil and gas mineral rights. What should surprise no one, the OIG found that there is significant room […]
On September 28, 2016, the U.S. Senate and, a few hours later, the House of Representatives passed a resolution that would continue the funding of the government through December 9, 2016 – narrowly missing the last day of this fiscal year, which ends on the September 30th. Since Congress failed to pass the 12 individual […]
In his 1964 State of the Union address, President Lyndon Johnson declared an “all-out war on human poverty and unemployment in these United States.” President Johnson said, “Our aim is not only to relieve the symptom of poverty, but to cure it and, above all, to prevent it.”
Even to the most neutral observer, the United States Postal Service’s (USPS) financial condition is dire. Notwithstanding it $18 billion annual advantage over other private sector companies (exemption from income; state local sales; and property tax exemption; power of eminent domain; monopoly control over mailboxes; and a $15 billion line of credit from the U.S. Treasury) the USPS has posted more than $50 billion in losses since 2007 and faces $125 billion in unfunded liabilities. Regardless of how the USPS arrived at this position, there is a broad consensus that reform is needed.
On August 29, 2016, the Office of the Inspector General (IG) for the United States Postal Service (USPS) released an audit report on USPS facilities in the Capital Metro Area. The Capital Metro Area, which includes Atlanta, Baltimore, Greensboro, Richmond, and surrounding areas, is home to 2,600 postal facilities (USPS leases and owns more than […]
In a sequestration report released on August 19, 2016, the Office of Management and Budget (OMB) found that the fiscal year (FY) 2017 appropriations bills in the House are $792 million over the discretionary caps. If signed into law, the spending bill would result in across-the-board spending cuts to enforce the statutory cap if a […]
On August 23, 2016, postal workers held a rally on the Trans-Pacific Partnership (TPP) during the American Postal Workers Union’s convention in Orlando, Florida. The union has come out against the TPP because they believe the agreement would ban postal banking and other non-postal activities while leading to the privatization of the postal service and […]
