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Citing “unsustainable financial path” and $65 billion in losses, President Trump orders  review of Post Office


This news story was published on April 13, 2018.
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WASHINGTON, D.C. – The United States Postal Service has suffered billions in losses, mail volume has plummeted and retirees are sucking the agency dry, leading President Trump to order a review of its finances today.

President Trump has stated in recent days that the U.S. post office is in trouble, and blamed companies like Amazon for taking advantage. Large unfunded liabilities for postal retiree health and pension benefits — which were $78.9 billion at the end of fiscal year 2015 — may ultimately place taxpayers, USPS employees, retirees, and their beneficiaries, and USPS itself at risk, the non-partisan Government Accountability Office said in a report in 2016.

“The status quo is not sustainable,” the report outlines.

Expounding on these apparent facts and his assertions that the post office is on shaky financial ground, today, President Donald Trump today unleashed an executive order, demanding a review of the post office (a government agency, but a standalone business) and it finances.

EXECUTIVE ORDER, APRIL 12, 2018:

By the authority vested in me as President by the Constitution and the laws of the United States of America, I hereby order the following:

Section 1.  Policy.  (a)  The United States Postal Service (USPS) accounts for almost half of global mail volume and is regularly cited as the Federal agency with the highest public approval rating.  However, a number of factors, including the steep decline in First-Class Mail volume, coupled with legal mandates that compel the USPS to incur substantial and inflexible costs, have resulted in a structural deficit where revenues are no longer sufficient to fund the pension liabilities and retiree health obligations owed to current employees.  The USPS is on an unsustainable financial path and must be restructured to prevent a taxpayer-funded bailout.  This finding is supported by the following considerations, among others:

(i)    the USPS has incurred $65 billion of cumulative losses since the 2007-2009 recession;

(ii)   the USPS has been unable to make payments required by law for its retiree health benefit obligations, which totaled more than $38 billion at the end of fiscal year 2017; and

(iii)  the Government Accountability Office has had the USPS on its high-risk list since 2009 because of a serious financial situation that puts the USPS mission of providing prompt, reliable, and efficient universal mail services at risk.

(b)  It shall be the policy of my Administration that the United States postal system operate under a sustainable business model to provide necessary mail services to citizens and businesses, and to compete fairly in commercial markets.

Sec. 2.  Establishment.  (a)  There is hereby established a Task Force on the United States Postal Service (Task Force), to be chaired by the Secretary of the Treasury, as Secretary and as Chairman of the Federal Financing Bank, or his designee, to evaluate the operations and finances of the USPS.  In addition to the Chair of the Task Force (Chair), the Task Force shall be composed of the following department and agency heads, or their designees:

(i)    the Director of the Office of Management and Budget;

(ii)   the Director of the Office of Personnel Management; and

(iii)  any other department and agency head the Chair may designate.

(b)  The Task Force shall consult with the Postmaster General and the Chairman of the Postal Regulatory Commission.

(c)  The Task Force shall also engage:

(i)    the Attorney General, on issues relating to government monopolies operating in the commercial marketplace;

(ii)   the Secretary of Labor, on issues related to workers compensation programs; and

(iii)  State, local, and tribal officials as determined by the Chair of the Task Force with input from the Task Force members.

(d)  The Task Force shall meet as required by the Chair and, unless extended by the Chair, shall be dissolved once it has accomplished the objectives set forth in sections 3 and 4, as determined by the Chair, and completed the report described in section 5 of this order.

Sec. 3.  Evaluation.  The Task Force shall conduct a thorough evaluation of the operations and finances of the USPS, including:

(i)    the expansion and pricing of the package delivery market and the USPS’s role in competitive markets;

(ii)   the decline in mail volume and its implications for USPS self-financing and the USPS monopoly over letter delivery and mailboxes;

(iii)  the definition of the “universal service obligation” in light of changes in technology, e‑commerce, marketing practices, and customer needs;

(iv)   the USPS role in the U.S. economy and in rural areas, communities, and small towns; and

(v)    the state of the USPS business model, workforce, operations, costs, and pricing.

Sec. 4.  Recommendations for Reform.  The Task Force shall develop recommendations for administrative and legislative reforms to the United States postal system.

(a)  Such recommendations shall promote our Nation’s commerce and communication without shifting additional costs to taxpayers.  The recommendations shall be developed in a manner that is consistent with the proposed plan to reorganize the executive branch as required by Executive Order 13781 of March 13, 2017.

(b)  Such recommendations shall also consider the views of the USPS workforce; commercial, non-profit, and residential users of the USPS services; and competitors in the marketplace.

Sec. 5.  Report.  The Task Force, acting through the Chair and the Director of the Office of Management and Budget, shall submit a report to the President, in coordination with the Directors of the Domestic Policy and National Economic Councils, not later than 120 days after the date of this order.  In its report, the Task Force shall summarize its findings and recommendations under sections 3 and 4 of this order.

Sec. 6.  Administration.  The Federal Financing Bank shall provide administrative support and funding for the Task Force.

Sec. 7.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to an executive department or agency, or the head thereof; or

(ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

DONALD J. TRUMP

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34 Responses to Citing “unsustainable financial path” and $65 billion in losses, President Trump orders  review of Post Office

  1. Avatar

    New Voter For President Trump Reply Report comment

    April 16, 2018 at 5:42 pm

    Thank you Mr. President for the sacrifice you are making in your quest to MAKE AMERICA GREAT AGAIN. You actions with the USPS show how much you care about our great country..

    Mr. President you are greatly appreciated!!!!!!!!

    • Avatar

      Anonymous Reply Report comment

      April 16, 2018 at 7:11 pm

      Donald Trump is a God.
      He is all knowing & all seeing.

  2. Avatar

    spike Reply Report comment

    April 16, 2018 at 12:04 am

    Please take the time to read a story on truth-out.org titled “Deride and conquer-dismantling the usps”.Learn the history of the usps and how and why of their problems.Always a lot of dishonesty it seems.USPS has been at a disadvantage because of operating rules hung on it, the way future benefits are calculated, and how the world of communication has changed.It has been a target for privatization that has caused a lot of problems.The story illustrates what the cost difference could be to you.Personally I think the usps does an excellent service at dirt cheap costs.Maybe dirt cheap is part of the problem.Hopefully an honest solution can be reached.

  3. Avatar

    Buzz Crumcutter Reply Report comment

    April 14, 2018 at 3:43 pm

    Since my other post was deleted, I’d like to add this; Maybe someone should also look into the fiasco known as Amtrak.

  4. Avatar

    Anonymous Reply Report comment

    April 14, 2018 at 8:35 am

    Trump is doing exactly what we want him to do. Fixing problems and protecting America.

    • Avatar

      Praises for President Trump Reply Report comment

      April 14, 2018 at 7:45 pm

      I love it when the best President of our life time is doing such a fantastic job that it really gets you haters goats. All you can do is make an ass of yourself by calling the Silent Majority names.

      It is you that is the baboon! Ha ha ha

  5. Avatar

    mint Reply Report comment

    April 14, 2018 at 7:38 am

    One step closer to the mark of the beast, the sorcerers want everything electronic/digital, look at deagle.com it is a site that forecasts population, the U.S. has a 240 million population reduction, https://youtu.be/ayzDY7B3Nrs, please research this.

    • Avatar

      Enough is Enough Reply Report comment

      April 15, 2018 at 1:39 pm

      How you’re not homeless due to straight up stupidity, naivety and gullibility is a mystery to me. My apologies if you’re for-real mentally retarded.

  6. Avatar

    Anonymous Reply Report comment

    April 14, 2018 at 5:19 am

    It is IMPOSSIBLE to incur $65 billion of cumulative losses without it being ON PURPOSE. President Trump has done the right thing.

    • Avatar

      Anonymous Reply Report comment

      April 14, 2018 at 7:47 am

      Dumbass sheeple.
      Trump is a disaster and you are an idiot.

      • Avatar

        Buzz Crumcutter Reply Report comment

        April 14, 2018 at 8:20 am

        Are you saying there isn’t any problem with losing $65 billion dollars? If that’s the case, maybe you are the true sheeple.

        Left un-checked, the problems at the USPS will only get worse. Let me know how you feel about the PO if and when stamps hit $4.00 each.

  7. Avatar

    Anonymous Reply Report comment

    April 13, 2018 at 6:05 pm

    hahahahahahahaha
    government programs
    hahahahahahahaha
    makes me laugh everytime

  8. Avatar

    Anonymous Reply Report comment

    April 13, 2018 at 1:54 pm

    I should’nt know must know that Amazon was given a huge discount on their mail by not so honest elected officals who no doubt got a nice bonus. Nothing’s honest anymore.

  9. Avatar

    Allen Reply Report comment

    April 13, 2018 at 12:51 pm

    If we put the federal government in charge of the Sahara desert, in 5 years there would be a shortage of sand.

  10. Avatar

    sad but true Reply Report comment

    April 13, 2018 at 12:43 pm

    can you name me any government run program that is not on the same path (train wreck)
    Education? Social security? Any?

  11. Avatar

    Allen Reply Report comment

    April 13, 2018 at 11:35 am

    It’s about time that somebody takes a look at the postal system, and asks the question, why.

  12. Avatar

    I Should Know Reply Report comment

    April 13, 2018 at 11:27 am

    The man-child-in-chief is so full of bluster and pomp. He’s in a personal feud with the owner of Amazon and wants to use the USPS as a means to raise the costs of doing business for that company. The executive orders he so profusely issues (and after he criticized the previous president for using) shows what an impulsive child he is, throwing tantrums whenever Fox and Friends is offended by something.

    • Avatar

      Anonymous Reply Report comment

      April 13, 2018 at 6:16 pm

      Trump is doing his job again. Something liberals know nothing about. This has been going on for years and has to stop. The liberal who runs Amazon is trying to screw the country.

      • Avatar

        Marla Maples Reply Report comment

        April 14, 2018 at 2:20 pm

        Dumbass Trumpanzee.
        Jeff Bezos is the man that Trump will never be.
        He is successful and has never had to file for bankrupcy like the idiot Trump did four times.
        He also never was a draft dodging pussy like Trump.
        You Trumptards make me sick.

        • Avatar

          John Reply Report comment

          April 14, 2018 at 4:14 pm

          Please, name calling Marla Maples, grow up. Amazon has never shown a profit, they are a stock based company. There will be a day that stockholders will expect a profit out of this company and will stop throwing money at it.

    • Avatar

      John Reply Report comment

      April 13, 2018 at 6:34 pm

      Bullhockey I Should Know, Fed-Ex and UPS were delivering most all of Amazons packages and the Postal Service cut a deal with Amazon to deliver most of them. Mind you, UPS and Fed-Ex are profitable companies. With the deal the Postal Service made with Amazon, they are losing money on every single package delivered. The pricing set up by the post office to deliver packages for Amazon made no sense at all and it was clear they would lose money. I work for one of those other delivery companies so I have knowledge of the costs and the post office is not even close on operating efficiency and Fed-Ex and UPS.

      • Avatar

        John Reply Report comment

        April 13, 2018 at 6:37 pm

        Trump is spot on by doing this and it is very good for the American Taxpayer, who do you think is paying for these losses? It is us, the Taxpayers! The Government doesn’t have any money until they confiscate it from us!

        • Avatar

          Anonymous Reply Report comment

          April 14, 2018 at 1:14 pm

          The post office also gets paid to finish delivering packages from UPS also

        • Avatar

          John Reply Report comment

          April 14, 2018 at 4:10 pm

          Seriously intelligent comment Anonymous. Really shows who you are as a person. Hillary lost, get over it

        • Avatar

          Anonymous Reply Report comment

          April 14, 2018 at 4:37 pm

          Hard to tell whether you or Trump is the biggest idiotc John.
          I’ll go with you being the biggest dumbass, since you support that numbnuts & liarTrump.

          • Avatar

            John

            April 15, 2018 at 1:22 pm

            Funny how you liberals are angry all the time. Cheer up and enjoy riding the wave of prosperity. Things are getting solved every day.

          • Avatar

            bodacious

            April 15, 2018 at 3:56 pm

            Hey John, if you are riding on the “wave of prosperity” how are you going to handle the deficit that is now larger than it has ever been? Will you use that extra $250 you got in the tax cut to bail us out? Funny how you conservatives never talk about the deficit now when that is all we heard from you guys when President Obama was our leader.

          • Avatar

            Anonymous

            April 15, 2018 at 6:01 pm

            What’s to talk about. Obama had the highest deposit in history. What he did was raise it more than all other presidents combined. You don’t have any idea what the deposit will do under Trump. They are still looking at cutting more from the budget and with the economy the way it is the revenue is much, much higher. Just more liberal bullshit.

          • Avatar

            bodacious

            April 15, 2018 at 6:09 pm

            I know I know more than you do. I know that a deficit isn’t a ‘deposit’. Trump’s tax cuts and corporate giveaways plus his spending will bankrupt this country just like he has done with his businesses. Read a little and don’t rely on Fox news or Lyin’ Donald for your news.

          • Avatar

            Stupiddacious is a Hypocrite

            April 16, 2018 at 9:33 am

            Why are you complaining NOW about the deficit. For decades you liberals could have cared less about government SPENDING as long as you were getting and giving away FREE STUFF so you can buy votes and pad your pockets at the expense of the working man/woman.

          • Avatar

            bodacious

            April 16, 2018 at 12:38 pm

            Nice diversion you moron. I never cared for the deficit the Dems built up but most of that was because of the Bush era stock market crash and the damage to the economy that occurred because of it. You won’t believe that but give Doofus Donald a pass because he’s your man. That is hypocritical.

          • Avatar

            Stupidacious Is A Fake News Russian Blogger

            April 16, 2018 at 5:39 pm

            You hate for America comes through loud and clear. Your Russian connection is also apparent. We are learning more and more every day how your name calling and putting down of President Trump is all part of the Democrat’s Russian propaganda campaign to influence our elections.

            Bottom line is President Trump is doing a stellar job and all your name calling and bluster won’t keep the Silent Majority from the polls to re-elect the best President in recent history.

          • Avatar

            bodacious

            April 16, 2018 at 9:40 pm

            OMG as the kids say.

        • Avatar

          Anonymous Reply Report comment

          April 16, 2018 at 11:02 pm

          To Bodacious: How much did the debt increase under Obama?
          How much will it increase under Trump? Compare these two numbers. Which is larger? How much is it larger? P. S. I hope to hell you didn’t teach math!!!