Rigging in.

by the passage in 2006 of the deceptively misnamed Postal Reform and Accountability Act. That Act imposed a 4.5 billion dollar payment each year, supposedly to cover health care spending for the next 75 years, but the real reason for the Act was to destroy the USPS and use the payments to partially compensate for Bush Jr's sea of red ink.

Public support is critical.

You mention the Postal Reform and Accountability Act above and I agree with your reasons that was a fraud.

What is to keep those private investors from stealing the huge amount already paid into the healthcare fund? That is a huge pile of money that is well worth waiting 10 or 15 years to get their hands on.

And given that the USPS is regularly ranked number one in the world, what is needed is filling the seats on the Postal rate Commission and returning the stolen money.

The prefunding already stole the money once to hide the size of the deficit, but there are IOUs that on paper earn interest.

If they pull off privatization can't they transfer the liabilities and the IOUs to the new company, maybe with some payment schedule, financed by taxes? Theft #2. What prevents that company from borrowing against that fund and then defaulting? Not concern for the retirees. Theft #3.

Sorry, maybe that can't be done currently , but privatization needs legislation too. I don't do finance or accounting. I don't even think it's all planned out that way, but I think every step of the way republicans will come up with a way to siphon off more money and screw the retirees at the same time.

Electing Democrats and fixing the Postal Rates Commission is the way to stop it.

How Republicans Crippled The United States Postal Service

2011

“Neither snow, nor rain, nor heat, nor gloom of night, stays these couriers from the swift completion of their appointed rounds,” reads the unofficial motto of the United States Postal Service.

I guess no one ever thought it would be the Republican Party finishing off the Postal Service when those words were borrowed from the ancient Greek and chiseled in granite over the entrance to the James Farley Post Office in New York City on Labor Day in 1914.

Our postal system is quite remarkable if you think about it for a minute.

For just 44 cents, you can send a Mother’s Day card from anywhere in the United States to the woman who carried you for nine months providing she lives in the United States and it will arrive in a matter of days. Or as Comedy Central’s Jon Stewart more simply quipped, “Someone comes to your house, takes something you’ve written, and brings it to a person that you want them to give it to anywhere in the world for like 50 cents” before deadpanning, “oh, but it’s going to take a couple of days.”

The power to create post offices is enumerated in our Constitution. Our Postal Service is even fully funded by the sale of stamps, not through tax dollars. That is a combo that should bring tears of joy to the eyes of tea partiers and Republicans alike.

GOP efforts to cripple the Postal Service predate the current tea party “cut government spending” drumbeat echoing throughout Washington during these difficult economic times.

https://www.huffingtonpost.com/karl-frisch/postal-service-cuts_b_961602.html

The USPS is fully government run, an example of socialism in action, and that is just one reason that the GOP hates the USPS.

Or deliver them on the day after the election.

The GOP is reflexively anti-government. Even the parts that work well.

But at least I can dream about that scheme.