The bill would provide $25 billion to the Postal Service Fund
Washington D.C.—Today, Congressman Joe Neguse introduced legislation to provide emergency supplemental appropriations to the U.S. Postal Service amidst the coronavirus pandemic to protect local postal workers and post offices. The Protect Our Post Offices Act would provide $25 billion for the Postal Service Fund.
“As this public health emergency worsens, our frontline postal workers remain vulnerable to the coronavirus and our post offices require immediate support to maintain on-time and consistent deliveries for customers who are quarantining or vulnerable and rely on mail for essential supplies and food,” said Congressman Joe Neguse. “This legislation would ensure needed support for the postal service, our frontline postal workers and ensure all Americans can continue to take advantage of mail services while they remain in their homes. This will help shore up postal operations throughout the 2nd District from Boulder to Evergreen to Bailey to Fort Collins.”
The Postal Service is anticipating a significant revenue loss due to the coronavirus. With a negative net worth of $65 billion and additional billions in unfunded liabilities, the USPS originally expected to run out of liquidity by 2021 without intervention, according to Fortune. That has accelerated rapidly because of COVID-19, with fewer people and businesses sending mail because of the outbreak. Additionally, just like hospitals, post offices are facing critical shortages of essential products to protect their workers from the coronavirus outbreak.
Why waste $25 Billion on something that is only going to implode
anyway. The fools in charge will just use the money on useless
“models”, “plans”, “surveys”, and other idiotic ideas to promote
and validate their meaningless jobs. Start at the top and clean house.
Thousands of management jobs can be eliminated without any
damage to the everyday running of the PO. I’m a retired manager
and i have witnessed the bloated PO from inside.
we can still write our loved one’s cards and letters this way they have something they can keep forever and some older people don’t have internet or computers they need a way to communicate need the postal service please don’t take it away thanks Pamela Berry
Many thanks to the Congressman that ,unlike our “great” leader, cares that Postal employees are respected. The Ratpublicans and Mr. Bankruptcy only care about buying votes with their hand outs to the farmers and businessmen. And he thinks the American public will vote for him because of the financial aid bill just passed. He, and the Ratpublicans, won’t do anything for anybody unless they calculate they will get something in return.