WASHINGTON, March 25 /PRNewswire-USNewswire/ -- Letter Carriers union President William H. Young told a House hearing today that the survival of the U.S. Postal Service, endangered by the greed and recklessness of financial firms and Wall Street, could depend on whether Congress enacts bipartisan legislation that would save the Postal Service billions of dollars in how it funds health benefits for retirees.
"We are not here today to ask for a taxpayer bailout, but we are here to ask the Congress for help," Young said in testimony to the House Subcommittee on Federal Workforce, Postal Service and the District of Columbia.
"At this moment, the survival of the Postal Service -- a venerable institution that is literally older than our country -- hangs in the balance," Young said. "The Great Recession we face today threatens to destroy the most trusted and universal connection most Americans have with their national government."
He said the last time mail volume fell by as much as in recent months was in 1933 -- at the depths of the Great Depression.
The National Association of Letter Carriers (AFL-CIO) represents 300,000 active and retired city delivery carriers throughout all 50 states and U.S. jurisdictions.
Young said that even before the financial meltdown hit last fall, NALC was working with the Postal Service to cut costs, negotiating an expedited route adjustment system that has cut about 10,000 carrier jobs through attrition and resulting in a $1.3 billion savings to the Postal Service this year.
"But we cannot use cost-cutting measures alone to restore our financial health," Young said. "Given the scale of the crisis before us, we need Congress to act as well."
In the short-term, Young said that means enactment of H.R. 22 introduced by Reps. John McHugh (R-NY) and Danny Davis (D-IL) -- and co-sponsored by nearly 200 other Hou
|SOURCE National Association of Letter Carriers|
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