Let's Privatize Everything and Get It Over With !
The paper is recently full of the news about the US Post Office ending Saturday delivery due to ever increasing deficits. The crux of the problem is explained as the dramatic increase in electronic communications usurping the first class letter business of the
USPO. Much of this is, of course
true, but there is another major factor accelerating the Post Office's demise. That factor is a law passed by the Congress relating to the postal employee pension fund. It requires the prefunding of the pension seventy five years out over a ten year period. Th