Monopoly on DERP: Elizabeth Warren Sounds Off on Apple iPhone and Gets Blasted
Protesters Say Dexter Reed Was Shot, Assassinated, and Overly-Killed
Brian Stelter Concerned Pro-Trump Propaganda Media Will Publicize Jurors
Sunny Hostin of 'The View' Fears a Trump Supporter Will 'Sneak' Onto the...
Woman Complains That Men Do Nothing When 'Abusive Drug-Addled Bum' Terrorizes Train Car
Pallywood: Palestinian Women Devastated at the Loss of a Loved One in Gaza
BREAKING: Washington Post Writer Doesn't Read The Washington Post
A Constitutional Crisis of the Democrats' Making
Elon Musk Calls NPR CEO Katherine Maher 'One of the Worst Human Beings...
Check Out These Highlights of Columbia President Beclowning Herself During Congressional H...
President Joe Biden Warns the Israelis Not to Attack Israel
SPOILED: NYC Illegal Immigrant Complains Free Food, Housing Not Good Enough and Is...
Explaining Judge Stoner’s Verdict in the Dacia Lacey Baby ‘Smothering’ Case (A Deep...
President Biden Says Voters Have to Choose Freedom Over Democracy
CBP Account Warns of *Consequences for Entering US Illegally (*Yeah, About That...)

Hysterical libs rally to #SaveUSPS, blame everyone but union

imgres

Oh, dear. Liberals on Twitter are using the very technological means that ushered in the U.S. Postal Service’s demise to try and save the Big Labor-burdened agency. It’s all the big, bad GOP’s fault, of course:

Advertisement

https://twitter.com/140elect/status/299941221793681409

https://twitter.com/sibhuskylover/status/299959091697168384

Believe it or not, this one is not a parody:

As House Republicans on the Oversight and Government Reform Committee note in response to lib talking points:

Prefunding Myth:  The Postal Service is unfairly required to fully fund 75 years of retiree health care benefits in 10 years with an annual $5.5 billion payment. If only the prefunding requirement were eliminated the Postal Service would be on a path to prosperity.

Prefunding Fact:  USPS has to save now, or it will not be able to afford retiree health care later. If they can’t, taxpayers will be on the hook for billions of dollars.

To protect taxpayers from covering USPS large unfunded liability on retiree health care benefits, Congress mandated that USPS make a series of catch-up payments, often called “prefunding,” starting in 2007 and going through 2017. These catch-up payments will ensure USPS has saved enough money now to meet these obligations later. Within the next few years, the annual costs of paying current benefits will dwarf current costs. Saving now is the only way to make this affordable later, and prevent a taxpayer funded bailout. Though the Postal Service was created to be a self-sustaining entity- taxpayers stand behind this large and growing liability. If the Postal Service were allowed to immediately cease making these catch-up payments, it would have an unfunded liability of nearly $100 billion by 2017. This would clearly be an unaffordable burden for an entity whose core business and revenue is steadily shrinking. It would likely result in a taxpayer funded bailout of postal workers’ retiree health care payments. The annual deficit of the Postal Service now easily exceeds its entire annual catch-up payment, illustrating its fiscal problems run much deeper.

Advertisement

Limited-government conservatives provided additional necessary and biting reality checks:

https://twitter.com/HollyNapierTN/status/299959799070728192

https://twitter.com/stevedars/status/299959839461896192

Yup:

 

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement