Friday, October 14, 2011

Government Owes Postal Service $75 Billion?

Recently, the American Postal Workers Union (APWU) had been running the following TV ad:

Unfortunately, the claims are false. The Government Accounting Office has just concluded that the $5 billion a year that the APWU claims is being "drained" from the United State Postal Service's profits is a valid and necessary charge to fund the Civil Service Retirement Fund. (Click here to See Story: GAO report dashes hopes of a $75bn rebate for USPS)

As usual, the Democrats of Congress, totally beholding to the unions, heartily believed the claims in that ad and were unquestionably happy to transfer more than $75 billion in tax payer money to the Postal Service to prevent any further layoffs of union workers. Of course, in doing so, they actually help fund their own campaign war chests. That's because some portion of union workers dues will eventually come back to them as campaign contributions; not to mention direct donations by the workers themselves.

No comments: