Issa: USPS wants a taxpayer-funded bailout

Published December 13, 2011 5:00am ET



House Oversight legislators faulted the money-shedding United States Postal Services for choosing to delay the post office closures intended as a cost-cutting measure, a delay that Issa called a “cave-in” that he regards as proof that the USPS hopes to receive a bailout to resolve its fiscal crisis.

“Once again, the Postmaster General has caved to political pressure,” said House Oversight and Government Reform chairman Darrell Issa, R-Calif.,  in a joint statement with Oversight Postal Subcommittee Chairman Dennis Ross, R-FLa. Noting that “postal losses now total over one billion dollars per month,” Issa and Ross said that this delay hastens the crisis that is bringing the USPS to the brink of collapse . . . it is very clear that the Postal Servce wants a bailout that will cost taxpayers billions of dollars.”

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.