The U.S. Postal Service (USPS) just got more than $100 billion in taxpayer assistance through the Postal Service Reform Act. It is licking its chops for billions more as Congressional Democrats and the Biden Administration work to serve up a smorgasbord of new programs and funding schemes.
USPS was once the federal government’s most responsible steward of taxpayer funds, with a focused public service mission, delivering the mail.
Under the 1970 Postal Reorganization Act, USPS is required to be self-supporting with the sales of postage and services covering the costs of operations. And from 1970-2006 it was, operating with a cumulative surplus of $3 billion during this time.